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Blockchain By Example

You're reading from   Blockchain By Example A developer's guide to creating decentralized applications using Bitcoin, Ethereum, and Hyperledger

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Product type Paperback
Published in Nov 2018
Publisher Packt
ISBN-13 9781788475686
Length 528 pages
Edition 1st Edition
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Authors (3):
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Xun (Brian) Wu Xun (Brian) Wu
Author Profile Icon Xun (Brian) Wu
Xun (Brian) Wu
Bellaj Badr Bellaj Badr
Author Profile Icon Bellaj Badr
Bellaj Badr
Richard Horrocks Richard Horrocks
Author Profile Icon Richard Horrocks
Richard Horrocks
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Table of Contents (13) Chapters Close

Preface 1. Say Hello to Blockchain FREE CHAPTER 2. Building a Bitcoin Payment System 3. Building Your Own Cryptocurrency 4. Peer-to-Peer Auctions in Ethereum 5. Tontine Game with Truffle and Drizzle 6. Blockchain-Based Futures System 7. Blockchains in Business 8. Creating an ICO 9. Distributed Storage IPFS and Swarm 10. Supply Chain on Hyperledger 11. Letter of Credit (LC) Hyperledger 12. Other Books You May Enjoy

Public versus private and permissioned versus permissionless blockchains

The Ethereum main network is public, meaning anyone is free to join and utilize the network. There are no permissions involved: not only can users send and receive transactions, they can also take part in a consensus, as long as they have the appropriate hardware to mine blocks. All parties in the network are mutually distrustful, but are incentivized to remain honest by the mechanisms involved in the PoW consensus. This is an example of a public, permissionless network. These networks offer high resistance to censorship and good data persistence, but are less performant due to the decentralized nature of consensus.

The idea of permission, when applied to blockchains, could take one of several forms: it could be explicit, as in the case of an access control list, or implicit, as in a requirement placed on...

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