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

Introduction to LightWallet


LightWallet is an HD wallet that implements BIP32, BIP39, and BIP44. LightWallet provides APIs to create and sign transactions or encrypt and decrypt data using the addresses and keys generated using it.

LightWallet API is divided into four namespaces, that is, keystore, signing, encryption, and txutils. signing, encrpytion, and txutils provide APIs to sign transactions, asymmetric cryptography, and create transactions respectively, whereas a keystore namespace is used to create a keystore, generated seed, and so on. keystore is an object that holds the seed and keys encrypted. The keystore namespace implements transaction signer methods that requires signing the we3.eth.sendTransaction() calls if we are using Hooked-Web3-Provider. Therefore the keystore namespace can automatically create and sign transactions for the addresses that it can find in it. Actually, LightWallet is primarily intended to be a signing provider for the Hooked-Web3-Provider.

A keystore instance...