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

Dark side


With the key attributes of censorship resistance and decentralization, blockchain technology can help to improve transparency and efficiency in many walks of life but this somewhat unregulated nature of this technology means that it can be used by criminals for illegal activities too. For example, compare a scenario where if some illegal content is published over the Internet it can be immediately shut down by approaching the concerned authorities and website service providers but this is not possible in blockchains. Once something is there on the blockchain, it is almost impossible to revert it back. This means that any inacceptable content, once published on the blockchain, cannot be removed. If the blockchain is used for distributing immoral content then there is no way for anyone to shut it down. This poses a serious challenge and it seems that some regulation and control is beneficial in this scenario, but how can a blockchain be regulated? That is another important question...