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Blockchain Developer's Guide

You're reading from   Blockchain Developer's Guide Develop smart applications with Blockchain technologies - Ethereum, JavaScript, Hyperledger Fabric, and Corda

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Product type Course
Published in Dec 2018
Publisher
ISBN-13 9781789954722
Length 564 pages
Edition 1st Edition
Languages
Concepts
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Authors (4):
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Paul Valencourt Paul Valencourt
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Paul Valencourt
Brenn Hill Brenn Hill
Author Profile Icon Brenn Hill
Brenn Hill
Narayan Prusty Narayan Prusty
Author Profile Icon Narayan Prusty
Narayan Prusty
Samanyu Chopra Samanyu Chopra
Author Profile Icon Samanyu Chopra
Samanyu Chopra
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Table of Contents (37) Chapters Close

Title Page
Copyright
About Packt
Contributors
Preface
1. Blockchain 101 FREE CHAPTER 2. Components and Structure of Blockchain 3. Decentralization Versus Distributed Systems 4. Cryptography and Mechanics Behind Blockchain 5. Bitcoin 6. Altcoins 7. Achieving Consensus 8. Advanced Blockchain Concepts 9. Cryptocurrency Wallets 10. Alternate Blockchains 11. Hyperledger and Enterprise Blockchains 12. Ethereum 101 13. Solidity 101 14. Smart Contracts 15. Ethereum Accounts and Ether Tokens 16. Decentralized Applications 17. Mining 18. ICO 101 19. Creating Your Own Currency 20. Scalability and Other Challenges 21. Future of Blockchain 22. Understanding Decentralized Applications 23. Understanding How Ethereum Works 24. Writing Smart Contracts 25. Getting Started with web3.js 26. Building a Wallet Service 27. Building a Smart Contract Deployment Platform 28. Building a Betting App 29. Building Enterprise Level Smart Contracts 30. Building a Consortium Blockchain 1. Other Books You May Enjoy Index

Hashing and signatures


Let's say you have two text files that are 50 pages long. You want to know whether they are the same or different. One way you could do this would be to hash them. Hashing (or a hashing function) is a mathematical procedure by which any input is turned into a fixed-length output. There are many of these functions, the most common being SHA-1, SHA-2, and MD5. For instance, here is the output of a hashing function called MD5 with an input of two pages of text:

9a137a78cf0c364e4d94078af1e221be

What's powerful about hashing functions is what happens when I add a single character to the end and run the same function:

8469c950d50b3394a30df3e0d2d14d74

As you can see, the output is completely different. If you want to quickly prove that some data has not been changed in any way, a hash function will do it. For our discussion, here are the important parts of hashing functions:

  • They are very fast for computers to run.
  • The function is one way. You can get the hash easily, but you cannot...
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