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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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Toc

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

Algorithms

In this section, we will discuss the key algorithms in detail. We'll be looking at the two main types of fault-tolerant algorithms, CFT and BFT.

CFT algorithms

We'll begin by looking at some algorithms that solve the consensus problem with crash fault tolerance. One of the most fundamental algorithms in this space is Paxos.

Paxos

Leslie Lamport developed Paxos. It is the most fundamental distributed consensus algorithm, allowing consensus over a value under unreliable communications. In other words, Paxos is used to build a reliable system that works correctly, even in the presence of faults.

Paxos was proposed first in 1989 and then later, more formally, in 1998 in the following paper:

Lamport, L., 1998. The part-time parliament. ACM Transactions on Computer Systems (TOCS), 16(2), pp.133-169.

The paper is available here:

https://lamport.azurewebsites.net/pubs/lamport-paxos.pdf.

Note that Paxos works...

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