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)

Enterprise blockchain architecture

A typical enterprise blockchain architecture contains several elements. We saw a generic blockchain architecture in Chapter 1, Blockchain 101, and we can expand and modify that a little bit to transform it into an enterprise blockchain architecture that highlights the core requirements of an enterprise blockchain. These requirements are mostly driven by enterprise needs and use cases:

Figure 20.1: Enterprise blockchain layered architecture

We'll discuss each of these layers as follows.

Network layer

The network layer is responsible for implementing network protocols such as peer-to-peer (P2P) protocols used for information dissemination.

Protocol layer

This is the actual ledger layer, or blockchain layer, where the core consensus, transaction management, and storage elements are implemented.

Privacy layer

This layer is responsible for providing one of the core features of enterprise blockchain: privacy. There...