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)

Public versus private and permissioned versus permissionless blockchains

The Ethereum main network is public, meaning anyone is free to join and utilize the network. There are no permissions involved: not only can users send and receive transactions, they can also take part in a consensus, as long as they have the appropriate hardware to mine blocks. All parties in the network are mutually distrustful, but are incentivized to remain honest by the mechanisms involved in the PoW consensus. This is an example of a public, permissionless network. These networks offer high resistance to censorship and good data persistence, but are less performant due to the decentralized nature of consensus.

The idea of permission, when applied to blockchains, could take one of several forms: it could be explicit, as in the case of an access control list, or implicit, as in a requirement placed on...