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

Decentralized autonomous societies


Decentralized autonomous societies (DASs) are a concept whereby entire societies can function on a blockchain with the help of multiple complex smart contracts and a combination of DAOs and Decentralized applications (DAPPs) running autonomously. This model does not mean an outlaw approach, nor is it based on a totally libertarian ideology; instead, many services that a government offers can be delivered via blockchain, such as Government Identity Card systems, passport issuance, and records of deeds, marriages, and births. Another theory is that, if a government is corrupt and central systems do not provide the satisfactory levels of trust that a society needs, then the society can start its own virtual society on a blockchain that is driven by decentralized consensus and is transparent. This might be seen as a libertarian or cypherpunk dream but is entirely possible on a blockchain.