Book Image

Blockchain for Business 2019

By : Peter Lipovyanov
Book Image

Blockchain for Business 2019

By: Peter Lipovyanov

Overview of this book

Blockchain for Business 2019 is a comprehensive guide that enables you to bring in various blockchain functionalities to extend your existing business models and make correct fully-informed decisions. You will learn how decentralized applications are transforming numerous business sectors that are expected to play a huge role in the future. You will see how large corporations are already implementing blockchain technology now. You will then learn about the various blockchain services, such as Bitcoin, Ethereum, Hyperledger, and others to understand their use cases in a variety of business domains. You will develop a solid fundamental understanding of blockchain architecture. Moving ahead, you will get to grips with the inner workings of blockchain, with detailed explanations of mining, decentralized consensus, cryptography, smart contracts, and many other important concepts. You will delve into a realistic view of the current state of blockchain technology, along with its issues, limitations, and potential solutions that can take it to the next level. By the end of this book, you will all be well versed in the latest innovations and developments in the emerging blockchain space.
Table of Contents (17 chapters)

Next generation blockchain projects

Besides the upgrades in Bitcoin, Ethereum, and other established blockchains, there are many exciting new projects coming along and trying to build the blockchain of the future.

We briefly mentioned Tezos. It is described as a generic self-amending cryptographic ledger. This means that it deploys a decentralized consensus mechanism, not only for transaction validation and updating the state of its blockchain, but also on how its protocol and network are governed and evolve over time. To do this, it plans to deploy a delegated Proof-of-Stake consensus algorithm and to split its blockchain protocol into three distinct layers:

  • A network protocol in charge of broadcasting transactions across its network
  • A transaction protocol, which defines the criteria that make a transaction valid
  • A consensus protocol that specifies how a consensus is reached...