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Mastering Blockchain

You're reading from   Mastering Blockchain Distributed ledger technology, decentralization, and smart contracts explained

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Product type Paperback
Published in Mar 2018
Publisher Packt
ISBN-13 9781788839044
Length 656 pages
Edition 2nd 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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Toc

Table of Contents (21) Chapters Close

Preface 1. Blockchain 101 FREE CHAPTER 2. Decentralization 3. Symmetric Cryptography 4. Public Key Cryptography 5. Introducing Bitcoin 6. Bitcoin Network and Payments 7. Bitcoin Clients and APIs 8. Alternative Coins 9. Smart Contracts 10. Ethereum 101 11. Further Ethereum 12. Ethereum Development Environment 13. Development Tools and Frameworks 14. Introducing Web3 15. Hyperledger 16. Alternative Blockchains 17. Blockchain – Outside of Currencies 18. Scalability and Other Challenges 19. Current Landscape and What's Next 20. Another Book You May Enjoy

Blockchain and full ecosystem decentralization

To achieve complete decentralization, it is necessary that the environment around the blockchain also be decentralized. The blockchain is a distributed ledger that runs on top of conventional systems. These elements include storage, communication, and computation. There are other factors, such as identity and wealth, which are traditionally based on centralized paradigms, and there's a need to decentralize these aspects as well in order to achieve a sufficiently decentralized ecosystem.

Storage

Data can be stored directly in a blockchain, and with this fact it achieves decentralization. However, a significant disadvantage of this approach is that a blockchain is not suitable...

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