Book Image

Advanced Blockchain Development

By : Imran Bashir, Narayan Prusty
Book Image

Advanced Blockchain Development

By: Imran Bashir, Narayan Prusty

Overview of this book

Blockchain technology is a distributed ledger with applications in industries such as finance, government, and media. This Learning Path is your guide to building blockchain networks using Ethereum, JavaScript, and Solidity. You will get started by understanding the technical foundations of blockchain technology, including distributed systems, cryptography and how this digital ledger keeps data secure. Further into the chapters, you’ll gain insights into developing applications using Ethereum and Hyperledger. As you build on your knowledge of Ether security, mining, smart contracts, and Solidity, you’ll learn how to create robust and secure applications that run exactly as programmed without being affected by fraud, censorship, or third-party interference. Toward the concluding chapters, you’ll explore how blockchain solutions can be implemented in applications such as IoT apps, in addition to its use in currencies. This Learning Path also highlights how you can increase blockchain scalability, and discusses the future scope of this fascinating and powerful technology. By the end of this Learning Path, you'll be equipped with the skills you need to tackle pain points encountered in the blockchain life cycle and confidently design and deploy decentralized applications.
Table of Contents (25 chapters)
Title Page
Copyright and Credits
About Packt
Contributors
Preface
15
Blockchain - Outside of Currencies
16
Scalability and Other Challenges
Index

Chapter 1. Blockchain 101

If you are reading this book, it is very likely that you alreadyhaveheard about blockchain andhavesome fundamental appreciation of its enormous potential. If not, then let me tell you that this is a technology that has promised to positively alter the existing paradigms of nearly all industries including, but not limited to IT, finance, government, media, medical, and law.

This chapter serves an introduction to blockchain technology, its technical foundations, the theory behind it, and various techniques that have been combined together to build what is known today as blockchain.

In this chapter, we first describe the theoretical foundations of distributed systems. Next, we address the precursors of Bitcoin by which blockchain technology was introduced to the world. Finally, we introduce you to blockchain technology. This approach is a logical way to understanding blockchain technology, as the roots of blockchain are in distributed systems. We will cover a lot of ground quickly here, but don't worry—we will go over a great deal of this material in much greater detail as you move through the book.