Book Image

Advanced Blockchain Development

By : Imran Bashir, Narayan Prusty
Book Image

Advanced Blockchain Development

By: Imran Bashir, Narayan Prusty

Overview of this book

Blockchain technology is a distributed ledger with applications in industries such as finance, government, and media. This Learning Path is your guide to building blockchain networks using Ethereum, JavaScript, and Solidity. You will get started by understanding the technical foundations of blockchain technology, including distributed systems, cryptography and how this digital ledger keeps data secure. Further into the chapters, you’ll gain insights into developing applications using Ethereum and Hyperledger. As you build on your knowledge of Ether security, mining, smart contracts, and Solidity, you’ll learn how to create robust and secure applications that run exactly as programmed without being affected by fraud, censorship, or third-party interference. Toward the concluding chapters, you’ll explore how blockchain solutions can be implemented in applications such as IoT apps, in addition to its use in currencies. This Learning Path also highlights how you can increase blockchain scalability, and discusses the future scope of this fascinating and powerful technology. By the end of this Learning Path, you'll be equipped with the skills you need to tackle pain points encountered in the blockchain life cycle and confidently design and deploy decentralized applications.
Table of Contents (25 chapters)
Title Page
Copyright and Credits
About Packt
Contributors
Preface
15
Blockchain - Outside of Currencies
16
Scalability and Other Challenges
Index

The reference architecture


Hyperledger has published a white paper which is available at https://docs.google.com/document/d/1Z4M_qwILLRehPbVRUsJ3OF8Iir-gqS-ZYe7W-LE9gnE/edit#heading=h.m6iml6hqrnm2.

This document presents a reference architecture that can serve as a guideline to build permissioned distributed ledgers. The reference architecture consists of various components that form a business blockchain. These high-level components are shown in the reference architecture diagram shown here:

Reference architecture - source: Hyperledger whitepaper

Starting from the left we see that we have five top-level components which provide various services. We will explore all these components in detail.

First is identity, that provides authorization, identification, and authentication services under membership services.

Then is the policy component, which provides policy services.

After this, ledger and transactions come, which consists of the distributed ledger, ordering service, network protocols, and...