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 started with a discussion on the history of Ethereum, the motivation behind Ethereum development, and Ethereum clients. Then, you were introduced to the core concepts of the Ethereum blockchain, such as state machine model, world and machine state, accounts, and types of accounts. Moreover, a detailed introduction to the core components of the Ethereum virtual machine (EVM) was also presented. Other concepts such as blocks, block structure, gas, and messages were also introduced and discussed in detail. The later sections of the chapter introduced the practical installation and management of ethereum clients. Two most popular clients, geth and parity, were discussed. Further development-specific discussion on these clients will be carried out in the next chapter, where development using Ethereum is discussed. Finally, supporting protocols and topics related to challenges faced by Ethereum were presented. Ethereum is under continuous development and new improvements are...