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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
Languages
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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Toc

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

A simple cryptocurrency application

Creating a cryptocurrency application will allow us to implement all the blockchain concepts we've looked at so far, along with the transaction structure used in Bitcoin, and we can then deploy it in a fully P2P network. We created a blockchain application in a decentralized P2P network in Chapter 4, Networking in Blockchain. We will be using the same application to create and propagate the blocks in the network, but also extend the application with the concepts of transactions and wallets to create a completely decentralized cryptocurrency:

Figure 5.5: A flow diagram connecting all the components of the application

Figure 5.5 shows how the cryptocurrency application can be extended by adding wallet and transaction functionality. We will walk through the implementation of each component in order to understand its functionality.

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