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)

The future of blockchain

The year 2019 saw the move from the theoretical Proof of Concept (PoC) stages to the production of some real-life blockchain environments. 2019 was also considered the year of enterprise blockchain, and it is expected that before the end of 2020, we will see more organizations implementing full-scale enterprise blockchain-based projects. The start of 2021 will likely see a significant rise in tokenization and ecosystems built around tokens. A prime example of mainstream tokenization use is DeFi, which currently has billions of dollars' worth of value locked in its ecosystem. In the years to come, this technology is only expected to grow.

In this section, to round off the chapter and give an idea of the scope of blockchain development, there are a few careful predictions, based on current advancements and the speed of progress. All of these predictions are likely to be realized between the years of 2020 and 2050:

  • The IoT will run on...