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

Enterprise blockchain challenges

While enterprise blockchains have addressed core enterprise requirements (privacy, performance, and governance) to some extent, there are still more challenges that need to be addressed. There is significant progress being made toward solving these issues. However, there is still a lot of work required to be done to adequately address these limitations. Some of these limitations are listed as follows.

Interoperability

Blockchain solutions are built by different development teams with different targets requirements. As a result, there are now many different types of blockchains, ranging from cryptocurrency public blockchains to application-specific blockchains, which are developed for a single business application. Data exchange between these chains is a crucial concern. While blockchain networks continue to grow independently, integration and interoperability between these chains remains a big concern.

This problem also stems out from lack...