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

Chapter 9. Hyperledger

Hyperledger is not a blockchain, but it is a project that was initiated by Linux foundation in December 2015 to advance blockchain technology. This project is a collaborative effort by its members to build an open source distributed ledger framework that can be used to develop and implement cross-industry blockchain applications and systems. The key focus is to build and run platforms that support global business transactions. The project also focuses on improving the reliability and performance of blockchain systems.

Projects under Hyperledger undergo various stages of development, starting from proposal to incubation and graduating to an active state. Projects can also be deprecated or in End of Life state where they are no longer actively developed. In order for a project to be able to move into incubation stage, it must have a fully working code base along with an active community of developers.