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)

Practical Byzantine fault tolerance algorithm

Practical Byzantine fault tolerance (PBFT) algorithm. Many algorithms are called Byzantine fault tolerant. The name comes from the allegory that presented the original problem.

Imagine an ancient Byzantine army moving to capture a city. The idea is to attack from all sides. Once the generals of the army reach the city, they must agree on when and how to attack. The difficulty is in how to agree. The generals can communicate only by messenger, but the messengers could be captured by the enemy, and there is the additional fear that one or more of the generals or their commanders are traitors.

The generals need a method to ensure that all the loyal generals agree on the same plan, and that a small number of possible traitors cannot cause the mission to fail.

The loyal generals will all do what the method says they will do, but the traitors...