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

Summary

In this chapter, we explained some of the most prominent protocols in blockchain and traditional distributed system consensus. We covered several algorithms, including Proof of Work, Proof of Stake, traditional BFT protocols, and the latest protocols, such as HotStuff. We did not cover newer algorithms such as BABE, GRANDPA, proof of history and Casper which we will discuss later in this book.

Distributed consensus is a very interesting area of research, and academics, and industry researchers are participating in this exciting subject. It is also a deep and vast area of research; therefore, it is impossible to cover every protocol and all dimensions of this gripping discipline in a single chapter. Nevertheless, the protocols and ideas presented in this chapter provide solid ground for further research and more in-depth exploration.

In the next chapter, we'll introduce Bitcoin, which is the first blockchain and cryptocurrency, invented in 2008.