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Foundations of Blockchain

You're reading from   Foundations of Blockchain The pathway to cryptocurrencies and decentralized blockchain applications

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Product type Paperback
Published in Jan 2019
Publisher Packt
ISBN-13 9781789139396
Length 372 pages
Edition 1st Edition
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Concepts
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Author (1):
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Koshik Raj Koshik Raj
Author Profile Icon Koshik Raj
Koshik Raj
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Table of Contents (14) Chapters Close

Preface 1. Introduction 2. A Bit of Cryptography FREE CHAPTER 3. Cryptography in Blockchain 4. Networking in Blockchain 5. Cryptocurrency 6. Diving into Blockchain - Proof of Existence 7. Diving into Blockchain - Proof of Ownership 8. Blockchain Projects 9. Blockchain Optimizations and Enhancements 10. Blockchain Security 11. When Shouldn't We Use Blockchain? 12. Blockchain Use Cases 13. Other Books You May Enjoy

Distributed databases versus distributed ledger technology (DLT)

The first question that pops up when we think of implementing blockchain is, how is blockchain-powered ledger technology different from traditional databases? Traditional databases are centralized, and most blockchain platforms use databases to store transactions locally on each node. So, the actual comparison should be between the DLT-powered by blockchain and the distributed databases, and this is what we'll focus on in this section.

Although databases are distributed in the case of distributed databases, there is still centralization involved as the databases are managed by a central trusted entity, whereas the ledger in a DLT is maintained by trustless nodes in the network. So, distributed databases don't guarantee decentralization and still promote a centralized architecture with a trusted authority...

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