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Mastering Blockchain

You're reading from   Mastering Blockchain A deep dive into distributed ledgers, consensus protocols, smart contracts, DApps, cryptocurrencies, Ethereum, and more

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Product type Paperback
Published in Aug 2020
Publisher Packt
ISBN-13 9781839213199
Length 816 pages
Edition 3rd Edition
Languages
Concepts
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Author (1):
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Imran Bashir Imran Bashir
Author Profile Icon Imran Bashir
Imran Bashir
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Table of Contents (24) Chapters Close

Preface 1. Blockchain 101 2. Decentralization FREE CHAPTER 3. Symmetric Cryptography 4. Public Key Cryptography 5. Consensus Algorithms 6. Introducing Bitcoin 7. The Bitcoin Network and Payments 8. Bitcoin Clients and APIs 9. Alternative Coins 10. Smart Contracts 11. Ethereum 101 12. Further Ethereum 13. Ethereum Development Environment 14. Development Tools and Frameworks 15. Introducing Web3 16. Serenity 17. Hyperledger 18. Tokenization 19. Blockchain – Outside of Currencies 20. Enterprise Blockchain 21. Scalability and Other Challenges 22. Current Landscape and What's Next 23. Index

Introducing the consensus problem

The distributed consensus problem has been studied extensively in distributed systems research since the late 1970s. Distributed systems are classified into two main categories, namely message passing and shared memory. In the context of blockchain, we are concerned with the message passing type of distributed systems, where participants on the network communicate with each other via passing messages to each other.

Blockchain is a distributed system that relies upon a consensus mechanism, which ensures the safety and liveness of the blockchain network.

In the past decade, the rapid evolution of blockchain technology has been observed. Also, with this tremendous growth, research regarding distributed consensus has grown significantly. Researchers from industry and academia are especially interested in researching novel methods of consensus. A common research area is to convert traditional (classical) distributed consensus mechanisms into their...

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