Book Image

Foundations of Blockchain

By : Koshik Raj
Book Image

Foundations of Blockchain

By: Koshik Raj

Overview of this book

Blockchain technology is a combination of three popular concepts: cryptography, peer-to-peer networking, and game theory. This book is for anyone who wants to dive into blockchain from first principles and learn how decentralized applications and cryptocurrencies really work. This book begins with an overview of blockchain technology, including key definitions, its purposes and characteristics, so you can assess the full potential of blockchain. All essential aspects of cryptography are then presented, as the backbone of blockchain. For readers who want to study the underlying algorithms of blockchain, you’ll see Python implementations throughout. You’ll then learn how blockchain architecture can create decentralized applications. You’ll see how blockchain achieves decentralization through peer-to-peer networking, and how a simple blockchain can be built in a P2P network. You’ll learn how these elements can implement a cryptocurrency such as Bitcoin, and the wider applications of blockchain work through smart contracts. Blockchain optimization techniques, and blockchain security strategies are then presented. To complete this foundation, we consider blockchain applications in the financial and non-financial sectors, and also analyze the future of blockchain. A study of blockchain use cases includes supply chains, payment systems, crowdfunding, and DAOs, which rounds out your foundation in blockchain technology.
Table of Contents (14 chapters)

Summary

This chapter covered all the essential cryptography topics, from classic cipher techniques to advanced cryptographic primitives. We began the chapter by discussing the classical cipher techniques. We explored both symmetric and asymmetric cryptography, along with a few examples. Cryptographic primitives, such as hashing and digital signatures, were covered in greater detail as they will act as the foundation for the blockchain concepts covered throughout this book.

Since we have covered some of the essential concepts in cryptography and looked at their respective applications, in the next chapter, we will try to implement some of the cryptography concepts that are applicable to the blockchain protocol by looking at a simple blockchain example.