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Mastering Blockchain

You're reading from Mastering Blockchain Deeper insights into decentralization, cryptography, Bitcoin, and popular Blockchain frameworks

Product type Paperback

Published in Mar 2017

Publisher Packt

ISBN-13 9781787125445

Length 540 pages

Edition 1st Edition

Languages

Solidity

Tools

Bitcoin

Concepts

Blockchain

Author (1):

Imran Bashir

View More author details

Table of Contents (14) Chapters

Preface

1. Blockchain 101 FREE CHAPTER

2. Decentralization

3. Cryptography and Technical Foundations

4. Bitcoin

5. Alternative Coins

6. Smart Contracts

7. Ethereum 101

8. Ethereum Development

9. Hyperledger

10. Alternative Blockchains

11. Blockchain-Outside of Currencies

12. Scalability and Other Challenges

13. Current Landscape and Whats Next

Bitcoin

In 2008, a paper on bitcoin, Bitcoin: A Peer-to-Peer Electronic Cash System was written by Satoshi Nakamoto. The first key idea introduced in the paper was that purely peer-to-peer electronic cash that does need an intermediary bank to transfer payments between peers.

Bitcoin is built on decades of cryptographic research such as the research in Merkle trees, hash functions, public key cryptography, and digital signatures. Moreover, ideas such as BitGold, b-money, hashcash, and cryptographic time stamping provided the foundations for bitcoin invention. All these technologies are cleverly combined in bitcoin to create the world's first decentralized currency. The key issue that has been addressed in bitcoin is an elegant solution to the Byzantine Generals problem along with a practical solution of the double-spend problem.

The value of bitcoin has increased significantly since 2011, as shown in the following graph:

Bitcoin price and volume since 2012 (on logarithmic scale)

The regulation...

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