Book Image

Blockchain Developer's Guide

By : Brenn Hill, Samanyu Chopra, Paul Valencourt, Narayan Prusty
Book Image

Blockchain Developer's Guide

By: Brenn Hill, Samanyu Chopra, Paul Valencourt, Narayan Prusty

Overview of this book

Blockchain applications provide a single-shared ledger to eliminate trust issues involving multiple stakeholders. It is the main technical innovation of Bitcoin, where it serves as the public ledger for Bitcoin transactions. Blockchain Developer's Guide takes you through the electrifying world of blockchain technology. It begins with the basic design of a blockchain and elaborates concepts, such as Initial Coin Offerings (ICOs), tokens, smart contracts, and other related terminologies. You will then explore the components of Ethereum, such as Ether tokens, transactions, and smart contracts that you need to build simple DApps. Blockchain Developer's Guide also explains why you must specifically use Solidity for Ethereum-based projects and lets you explore different blockchains with easy-to-follow examples. You will learn a wide range of concepts - beginning with cryptography in cryptocurrencies and including ether security, mining, and smart contracts. You will learn how to use web sockets and various API services for Ethereum. By the end of this Learning Path, you will be able to build efficient decentralized applications. This Learning Path includes content from the following Packt products: • Blockchain Quick Reference by Brenn Hill, Samanyu Chopra, Paul Valencourt • Building Blockchain Projects by Narayan Prusty
Table of Contents (37 chapters)
Title Page
Copyright
About Packt
Contributors
Preface
Index

Chapter 8. Advanced Blockchain Concepts

Privacy is discussed very frequently in the tech world—especially now that social media executives are grudgingly suiting up and being paraded in front of US Senate committees.

At the same time, as blockchain advocates are happy to see this technology advancing human welfare and decentralizing money transfers, it's natural to wonder whether a user can actually have any privacy, what with all transactions being public on the chain.

In this chapter, the following topics will be covered:

  • Blockchain as a tool for corporate governance
    • Unbanked companies
    • The DAO
  • Social-purpose uses of blockchain
  • Privacy concerns within the context of the social purpose of blockchain
  • Zero-knowledge crypto-systems as a solution to privacy concerns