Book Image

Mastering Blockchain - Third Edition

By : Imran Bashir
Book Image

Mastering Blockchain - Third Edition

By: Imran Bashir

Overview of this book

Blockchain is the backbone of cryptocurrencies, with applications in finance, government, media, and other industries. With a legacy of providing technologists with executable insights, this new edition of Mastering Blockchain is thoroughly revised and updated to the latest blockchain research with four new chapters on consensus algorithms, Serenity (the update that will introduce Ethereum 2.0), tokenization, and enterprise blockchains. This book covers the basics, including blockchain’s technical underpinnings, cryptography and consensus protocols. It also provides you with expert knowledge on decentralization, decentralized application development on Ethereum, Bitcoin, alternative coins, smart contracts, alternative blockchains, and Hyperledger. Further, you will explore blockchain solutions beyond cryptocurrencies such as the Internet of Things with blockchain, enterprise blockchains, tokenization using blockchain, and consider the future scope of this fascinating and disruptive technology. By the end of this book, you will have gained a thorough comprehension of the various facets of blockchain and understand their potential in diverse real-world scenarios.
Table of Contents (24 chapters)
23
Index

Architecture

The following diagram shows the high-level architecture of Ethereum 2.0 clients and how they work together with the beacon chain. After completing the Running Ethereum 2.0 clients exercise in the book's online content repository, we'll be able to see the architecture shown in the following diagram in reality:

Figure 16.3: Ethereum 2.0 high-level architecture (based on Prysmatic clients and spec for Phase 0)

The preceding diagram shows a validator node and a beacon node with their different services running on different ports. The structure of a beacon block is also shown on the left-hand side, including the fields of the block header and body as per the Phase 0 specifications.

Now that we have a good understanding of Ethereum 2.0's design goals, its phases, and architecture, you can put your new knowledge into practice. Doing so is out of the scope of this chapter, but by accessing this book's bonus content pages here: https://static...