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 the concept of decentralization, which is the core service offered by the blockchain technology. Although the concept of decentralization is not new, it gained renewed significance in the world of blockchain. As such, various applications based on decentralized architecture have been introduced recently. The chapter started with an introduction to the idea of decentralization. Next, decentralization from the blockchain perspective was discussed. Moreover, ideas related to different layers of decentralization in the blockchain ecosystem were introduced. There are several new concepts and terms that have emerged with the advent of the blockchain technology and decentralization from the blockchain perspective, such as DAOs, DAPPs, and various others. An introduction to all these terms was also provided in this chapter. Finally, decentralized applications with some examples were discussed. In the next chapter, fundamental concepts that are necessary to understand...