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

Summary


This chapter introduced blockchain technology at a high level to the readers. First some basic ideas regarding distributed systems were discussed then the history of blockchain was introduced. Concepts such as electronic cash and hashcash were discussed. Furthermore, various definitions of blockchain from different points of views were presented. Some applications of blockchain technology were also discussed briefly. Next in the chapter, different types of blockchain were introduced. Finally, the benefits and limitations of this new technology were also introduced. Some topics were introduced only lightly on purpose as they will be discussed in depth in later chapters. For example, challenges and limitations were only mentioned in the chapter but no details were provided as there is a full chapter dedicated to this later in the book. In the next chapter, readers will be introduced to the concept of decentralization, which is central to the concept of blockchains and their vast number of applications.