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 bitcoin and related concepts. It started with some history and basic definitions related to bitcoin. Concepts such as keys and addresses along with public keys and private keys were introduced. How transactions work in the bitcoin network (and related concepts such as scripts, Opcodes, and types of transactions) were also discussed. Moreover, blockchain, which underpins the bitcoin network, was also introduced. Along with that, related concepts such as mining, proof of work, mining systems, and wallets were presented. Finally, some practical information regarding setting up bitcoin clients, the usage of bitcoin-cli, and an introduction to different bitcoin networks was also provided. In the next chapter, alternative currencies, and related concepts will be introduced.