Book Image

Mastering Blockchain

Book Image

Mastering Blockchain

Overview of this book

Blockchain is a distributed database that enables permanent, transparent, and secure storage of data. The blockchain technology is the backbone of cryptocurrency – in fact, it’s the shared public ledger upon which the entire Bitcoin network relies – and it’s gaining popularity with people who work in finance, government, and the arts. Blockhchain technology uses cryptography to keep data secure. This book gives a detailed description of this leading technology and its implementation in the real world. This book begins with the technical foundations of blockchain, teaching you the fundamentals of cryptography and how it keeps data secure. You will learn about the mechanisms behind cryptocurrencies and how to develop applications using Ethereum, a decentralized virtual machine. You will explore different blockchain solutions and get an exclusive preview into Hyperledger, an upcoming blockchain solution from IBM and the Linux Foundation. You will also be shown how to implement blockchain beyond currencies, scability with blockchain, and the future scope of this fascinating and powerful technology.
Table of Contents (20 chapters)
Mastering Blockchain
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface

Blockchains


This section will give an introduction to new blockchain solutions. First, a new blockchain named Kadena is discussed in the following section.

Kadena

Kadena is a recently-introduced private blockchain that has successfully addressed scalability and privacy issues in blockchain systems. A new Turing incomplete language called Pact has also been introduced with Kadena that allows the development of smart contracts. A key innovation in Kadena is its Scalable BFT consensus algorithm, which has the potential to scale to thousands of nodes without performance degradation. Scalable BFT is based on the original Raft algorithm and is a successor of Tangaroa and Juno. Tangaroa, which is a name given to an implementation of Raft with fault tolerance (a BFT Raft), was developed to address the availability and safety issues that arose from the behavior of byzantine nodes in the Raft algorithm, and Juno was a fork of Tangaroa that was developed by JPMorgan. Consensus algorithms are discussed...