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Mastering Blockchain.. - Third Edition

You're reading from  Mastering Blockchain.. - Third Edition

Product type Book
Published in Aug 2020
Publisher Packt
ISBN-13 9781839213199
Pages 816 pages
Edition 3rd Edition
Languages
Author (1):
Imran Bashir Imran Bashir
Profile icon Imran Bashir
Toc

Table of Contents (24) Chapters close

Preface 1. Blockchain 101 2. Decentralization 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

Analysis and design

In order to analyze and understand a consensus algorithm, we need to define a model under which our algorithm will run. This model provides some assumptions about the operating environment of the algorithm and provides a way to intuitively study and reason about the various properties of the algorithm.

In the following sections, we'll describe a model that is useful for describing and analyzing consensus mechanisms.

Model

Distributed computing systems represent different entities in the system under a computational model. This computational model is a beneficial way of describing the system under some system assumptions. A computational model represents processes, network conditions, timing assumptions, and how all these entities interact and work together. We will now look at this model in detail and introduce all objects one by one.

Processes

Processes communicate with each other by passing messages to each other. This is why these systems...

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