Book Image

Blockchain Quick Reference

By : Mariko Amekodommo, Brenn Hill, Samanyu Chopra, Paul Valencourt
Book Image

Blockchain Quick Reference

By: Mariko Amekodommo, Brenn Hill, Samanyu Chopra, Paul Valencourt

Overview of this book

Blockchain Quick Reference takes you through the electrifying world of blockchain technology and is designed for those who want to polish their existing knowledge regarding the various pillars of the blockchain ecosystem. This book is your go-to guide, teaching you how to apply principles and ideas for making your life and business better. You will cover the architecture, Initial Coin Offerings (ICOs), tokens, smart contracts, and terminologies of the blockchain technology, before studying how they work. All you need is a curious mind to get started with blockchain technology. Once you have grasped the basics, you will explore components of Ethereum, such as ether tokens, transactions, and smart contracts, in order to build simple Dapps. You will then move on to learning why Solidity is used specifically for Ethereum-based projects, followed by exploring different types of blockchain with easy-to-follow examples. All this will help you tackle challenges and problems. By the end of this book, you will not only have solved current and future problems relating to blockchain technology but will also be able to build efficient decentralized applications.
Table of Contents (24 chapters)

Ongoing fragmentation and specialization

Blockchain began with only a single implementation: Bitcoin. Now there are thousands of blockchains and hundreds of blockchain technologies. In such a crowded marketplace, it is only natural that the technology will begin to have more purpose-driven implementations. Many of the drawbacks of blockchain systems, such as the speed, ease of use, and so on, are easier to solve with a purpose-specific blockchain system.

We've already seen the beginnings of this. Steemit is a blockchain-based social network built from bitshares/graphene technology. It has a consensus algorithm based on witnesses and voting, and the whole operation is designed around hosting social and blogging content. While still having many of the features of a public blockchain, by being purpose specific, the Steem blockchain is better able to function in its desired ecosystem...