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

Summary


This chapter started by introducing a history of smart contracts and was followed by a detailed discussion on the definition of a smart contract. As there is no agreement on the standard definition of a smart contract, we attempted to introduce a definition that encompasses the crux of smart contracts.

An introduction to Ricardian contracts was also provided, and the difference between Ricardian contracts and smart contracts was explained, highlighting the fact that Ricardian contracts are concerned with the definition of the contract whereas smart contracts are geared towards the actual execution of the contract.

The concept of smart contract templates was discussed, on the subject of which high-quality active research is currently being conducted in academia and industry. Some ideas about the possibility of creating high-level domain-specific languages were also discussed to create smart contracts or smart contract templates. In the later sections of the chapter, the concepts of...