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)

The Bitcoin P2P network

The Bitcoin P2P network contains a vast array of nodes spread all over the internet working in tandem. There are two main parts of the Bitcoin network:

  • The mainnet
  • The testnet

The mainnet

The mainnet is the core Bitcoin network hosted on the internet where all the real-life transactions take place. All the Bitcoin activity that we see on the internet occurs on the mainnet.

The mainnet contains all the vital information that's used in Bitcoin transactions around the world. So, a question you might be asking yourself is what if there is some new upgrade? How will it affect the Bitcoin network? The solution to this question is the testnet.