Book Image

Blockchain By Example

By : Bellaj Badr, Richard Horrocks, Xun (Brian) Wu
Book Image

Blockchain By Example

By: Bellaj Badr, Richard Horrocks, Xun (Brian) Wu

Overview of this book

The Blockchain is a revolution promising a new world without middlemen. Technically, it is an immutable and tamper-proof distributed ledger of all transactions across a peer-to-peer network. With this book, you will get to grips with the blockchain ecosystem to build real-world projects. This book will walk you through the process of building multiple blockchain projects with different complexity levels and hurdles. Each project will teach you just enough about the field's leading technologies, Bitcoin, Ethereum, Quorum, and Hyperledger in order to be productive from the outset. As you make your way through the chapters, you will cover the major challenges that are associated with blockchain ecosystems such as scalability, integration, and distributed file management. In the concluding chapters, you’ll learn to build blockchain projects for business, run your ICO, and even create your own cryptocurrency. Blockchain by Example also covers a range of projects such as Bitcoin payment systems, supply chains on Hyperledger, and developing a Tontine Bank Every is using Ethereum. By the end of this book, you will not only be able to tackle common issues in the blockchain ecosystem, but also design and build reliable and scalable distributed systems.
Table of Contents (13 chapters)

Blockchains in Business

The Ethereum main network, and its corresponding test networks, are all open for public use. All transactions made on the networks are 100% transparent, and anybody with access to the network—which is potentially everybody—can see and access all data.

The users of these networks don't necessarily know each other: they are mutually distrustful parties who must assume that the other participants in the network are dishonest. For this reason, public blockchain networks require a way for such parties to reach an agreement without needing to trust each other, and this is where decentralized consensus algorithms, such as proof of work (PoW), come into the picture.

There are cases, however, where transacting parties in a network are more trusting of each other, and where the use of a blockchain isn't solely centered on allowing mutually...