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Mastering Blockchain.. - Third Edition

You're reading from  Mastering Blockchain.. - Third Edition

Product type Book
Published in Aug 2020
Publisher Packt
ISBN-13 9781839213199
Pages 816 pages
Edition 3rd Edition
Languages
Author (1):
Imran Bashir Imran Bashir
Profile icon Imran Bashir
Toc

Table of Contents (24) Chapters close

Preface 1. Blockchain 101 2. Decentralization 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

Innovation in Bitcoin

Bitcoin has undergone many changes and is still evolving into a more and more robust and better system by addressing various weaknesses in the system. Performance has been a topic of hot debate among Bitcoin experts and enthusiasts for many years. As such, various proposals have been made in the last few years to improve Bitcoin performance, resulting in greater transaction speed, increased security, payment standardization, and overall performance improvement at the protocol level.

These improvement proposals are usually made in the form of Bitcoin Improvement Proposals (BIPs) or fundamentally new versions of Bitcoin protocols, resulting in new networks altogether. Some of the changes proposed can be implemented via a soft fork, but a few need a hard fork and, as a result, give birth to a new currency.

In the following sections, we will look at the various BIPs that can be proposed for improvement in Bitcoin. Then, we will discuss some advanced...

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