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)

Blockchain and AI

It is envisaged that other technologies, such as IoT and AI, will converge for the mutual benefit and wider adoption of both blockchain and the other given technology.

The convergence of blockchain with IoT has been discussed at length in Chapter 21, Scalability and Other Challenges. Briefly, it can be said that due to blockchain's authenticity, integrity, privacy, and shared nature, IoT networks would benefit greatly from making use of blockchain technology. This can be realized in the form of an IoT network that runs on a blockchain, and makes use of a decentralized mesh network for communication in order to facilitate Machine-to-Machine (M2M) communication in real time.

A mesh network is a network topology that allows all nodes on a network to connect with one another in a cooperative and dynamic fashion, to facilitate the efficient routing of data.

All of the data that is generated as a result of M2M communication can be used...