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Mastering Blockchain

Mastering Blockchain - Third Edition

By : Imran Bashir
3.9 (30)
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Mastering Blockchain

Mastering Blockchain

3.9 (30)
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)
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23
Index

Privacy

Privacy in blockchain can be divided into two main categories based on the type of service required. These categories are the anonymity of the users and the confidentiality of the transactions. Anonymity is concerned with hiding the sender’s or receiver’s identity, whereas confidentiality addresses the requirements of hiding transaction values.

The fundamental reason why blockchains are not privacy-preserving is that every transaction in a blockchain needs to be verified and executed by every participant on the network. While this property of executing all transactions by all nodes gives blockchains their powerful integrity property and execution guarantee, this is also a weakness.

This weakness is the result of inherent transparency in blockchains. As all transaction data, including account details, inputs, outputs, and states are visible to anyone on the blockchain, privacy cannot be preserved.

One solution that comes to mind is that we could somehow...

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Mastering Blockchain
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