Book Image

Mastering Blockchain - Fourth Edition

By : Imran Bashir
5 (3)
Book Image

Mastering Blockchain - Fourth Edition

5 (3)
By: Imran Bashir

Overview of this book

Blockchain is the backbone of cryptocurrencies, it has had a massive impact in many sectors, including finance, supply chains, healthcare, government, and media. It’s also being used for cutting edge technologies such as AI and IoT. This new edition is thoroughly revised to offer a practical approach to using Ethereum, Hyperledger, Fabric, and Corda with step-by-step tutorials and real-world use-cases to help you understand everything you need to know about blockchain development and implementation. With new chapters on Decentralized Finance and solving privacy, identity, and security issues, as well as bonus online content exploring alternative blockchains, this is an unmissable read for everyone who wants to gain a deep understanding of blockchain. The book doesn’t shy away from advanced topics and practical expertise, such as decentralized application (DApp) development using smart contracts and oracles, and emerging trends in the blockchain space. Throughout the book, you’ll explore blockchain solutions beyond cryptocurrencies, such as the IoT with blockchain, enterprise blockchains, and tokenization, and gain insight into the future scope of this fascinating and disruptive technology. By the end of this blockchain book, you will have gained a thorough comprehension of the various facets of blockchain and understand the potential of this technology in diverse real-world scenarios.
Table of Contents (24 chapters)
23
Index

Identity in the world of Web3, DeFi, and Metaverse

Recall that in the times of web 1.0, the simple account-based model of a username and password pair was prevalent. This is still the case with a huge number of websites. However, with web 2.0, a new paradigm started to appear where one identity could be used to authenticate to other service providers too, instead of only the one on which it was originally created. We see this in use on many online services, e.g., “Sign in with Apple” or “Sign in with Google” buttons. Web 2.0 operates in a top-down trust model where centralized platforms are in charge. In the Web3 world, the user is empowered, and we can simply connect to a service provider based on our decentralized identity and the credentials that we possess. No more centralized account models and relying on trusted identity providers; all you need is a wallet and appropriate credentials to connect to a service provider. We saw a glimpse of this when...