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Mastering Blockchain. - Second Edition

You're reading from  Mastering Blockchain. - Second Edition

Product type Book
Published in Mar 2018
Publisher Packt
ISBN-13 9781788839044
Pages 656 pages
Edition 2nd Edition
Languages
Author (1):
Imran Bashir Imran Bashir
Profile icon Imran Bashir
Toc

Table of Contents (21) Chapters close

Preface 1. Blockchain 101 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

Primecoin

Primecoin is the first digital currency on the market that introduced a useful PoW, as opposed to Bitcoin's SHA256-based PoW. Primecoin uses searching prime numbers as a PoW. Not all types of prime number meet the requirements to be selected as PoW. Three types of prime numbers (known as Cunningham chain of the first kind, Cunningham chain of the second kind, and bi-twin chains) meet the requirements of a PoW algorithm to be used in cryptocurrencies.

The difficulty is dynamically adjusted via a continuous difficulty evaluation scheme in Primecoin blockchain. The efficient verification of PoW based on prime numbers is also of high importance, because if verification is slow, then PoW is not suitable. Therefore, prime chains are selected as a PoW because finding prime chains gets difficult as the chain increases in length whereas verification remains quick enough...

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