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)

Areas to address

Apart from security and privacy, which were discussed at length in Chapter 21, Scalability and Other Challenges, several other less technology-based obstacles should be addressed before broad adoption of blockchains can be achieved. We'll introduce some of these more specific areas to address in the following sections.


Regulation is considered one of the most significant challenges to blockchain development. The core issue is that blockchains, and their associated cryptocurrencies, are not recognized as legal systems or forms of currency by any government. Even though in some cases, blockchain tokens have been classified as having monetary value, for example in the US and Germany, they is still far from being accepted as regular currencies. Moreover, blockchains in their current state are not recognized by financial regulatory bodies as platforms that are stable or reliable enough to be used by financial institutions.

There have been...