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Publisher's Note: This edition from 2018 is outdated and does not cover the latest insights on consensus algorithms, Ethereum 2.0, tokenization, and enterprise blockchains.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

Convergence with other industries

Convergence of blockchain with IoT has been discussed at length in Chapter 18, Scalability and Other Challenges. Briefly, it can be said that due to the authenticity, integrity, privacy, and shared nature of blockchains, IoT networks will benefit greatly from blockchain technology. This can be realized in the form of an IoT network that runs on a blockchain and makes use of a decentralized mesh network for communication to facilitate Machine-to-Machine (M2M) communication in real time. All this data which is generated as a result of M2M communication can be used in the machine learning process to augment the functionality of Artificially Intelligent DAOs or simple AAs. AAs can act as agents in a Distributed Artificial Intelligence (DAI) environment provided by a blockchain and can learn over time using machine learning processes.

AI is a field...