Book Image

Mastering Blockchain. - Second Edition

By : Imran Bashir
Book Image

Mastering Blockchain. - Second Edition

By: Imran Bashir

Overview of this book

Publisher's Note: This edition from 2018 is outdated and does not cover the latest insights on consensus algorithms, Ethereum 2.0, tokenization, and enterprise blockchains. A new and updated edition of this book that includes all the newest developments and improvements in Blockchain including the above topics is now available. A blockchain is a distributed ledger that is replicated across multiple nodes and enables immutable, transparent and cryptographically secure record-keeping of transactions. The blockchain technology is the backbone of cryptocurrencies, and it has applications in finance, government, media and almost all other industries. Mastering Blockchain, Second Edition has been thoroughly updated and revised to provide a detailed description of this leading technology and its implementation in the real world. This book begins with the technical foundations of blockchain technology, teaching you the fundamentals of distributed systems, 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 also explore different other blockchain solutions and get an introduction to business blockchain frameworks under Hyperledger, a collaborative effort for the advancement of blockchain technologies hosted by the Linux Foundation. You will also be shown how to implement blockchain solutions beyond currencies, Internet of Things with blockchain, blockchain scalability, and the future scope of this fascinating and powerful technology.
Table of Contents (21 chapters)
14
Introducing Web3
17
Blockchain – Outside of Currencies
18
Scalability and Other Challenges

Fabric

To understand various projects that are under development in the Hyperledger project, it is essential to understand the foundations of Hyperledger first. A few terminologies that are specific to Hyperledger need some clarification before readers are introduced to the more in-depth material.

First, there is the concept of fabric. Fabric can be defined as a collection of components providing a foundation layer that can be used to deliver a blockchain network. There are various types and capabilities of a fabric network, but all fabrics share common attributes such as immutability and are consensus-driven. Some fabrics can provide a modular approach towards building blockchain networks. In this case, the blockchain network can have multiple pluggable modules to perform a various function on the network.

For example, consensus algorithms can be a pluggable module in a blockchain...