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Mastering Blockchain

You're reading from   Mastering Blockchain Deeper insights into decentralization, cryptography, Bitcoin, and popular Blockchain frameworks

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Product type Paperback
Published in Mar 2017
Publisher Packt
ISBN-13 9781787125445
Length 540 pages
Edition 1st Edition
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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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Table of Contents (14) Chapters Close

Preface 1. Blockchain 101 FREE CHAPTER 2. Decentralization 3. Cryptography and Technical Foundations 4. Bitcoin 5. Alternative Coins 6. Smart Contracts 7. Ethereum 101 8. Ethereum Development 9. Hyperledger 10. Alternative Blockchains 11. Blockchain-Outside of Currencies 12. Scalability and Other Challenges 13. Current Landscape and Whats Next

Smart contract


A smart contract can be thought of as a small decentralized program. Smart contracts do not necessarily need a blockchain to run; however, due to the security benefits that the blockchain technology provides, it is now becoming almost a standard to use blockchain as a decentralized execution platform for smart contracts. A smart contract usually contains some business logic and a limited amount of data. Actors or participants in the blockchain use these smart contracts or they run autonomously on behalf of the network participants.

These small programs reside on the blockchain and execute business logic if some specific criteria are met. More information on smart contracts will be provided in Chapter 6, Smart Contracts, which is dedicated to a detailed discussion of smart contracts.

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