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Blockchain Quick Reference

You're reading from   Blockchain Quick Reference A guide to exploring decentralized blockchain application development

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Product type Paperback
Published in Aug 2018
Publisher Packt
ISBN-13 9781788995788
Length 350 pages
Edition 1st Edition
Languages
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Authors (4):
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Brenn Hill Brenn Hill
Author Profile Icon Brenn Hill
Brenn Hill
Paul Valencourt Paul Valencourt
Author Profile Icon Paul Valencourt
Paul Valencourt
Samanyu Chopra Samanyu Chopra
Author Profile Icon Samanyu Chopra
Samanyu Chopra
Mariko Amekodommo Mariko Amekodommo
Author Profile Icon Mariko Amekodommo
Mariko Amekodommo
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Toc

Table of Contents (24) Chapters Close

Preface 1. Blockchain 101 2. Components and Structure of Blockchain FREE CHAPTER 3. Decentralization Versus Distributed Systems 4. Cryptography and Mechanics Behind Blockchain 5. Bitcoin 6. Altcoins 7. Achieving Consensus 8. Advanced Blockchain Concepts 9. Cryptocurrency Wallets 10. Alternate Blockchains 11. Hyperledger and Enterprise Blockchains 12. Ethereum 101 13. Solidity 101 14. Smart Contracts 15. Ethereum Development 16. Ethereum Accounts and Ether Tokens 17. Decentralized Applications 18. Mining 19. ICO 101 20. Creating Your Own Currency 21. Scalability and Other Challenges 22. Future of Blockchain 23. Other Books You May Enjoy

Lack of interoperability

Current blockchain technologies do not easily interoperate. While it is possible to write an application that can communicate with multiple blockchains, those blockchains do not have the natural capability to communicate with each other. In many cases, the fundamental approach to transactions and governance may not be compatible. For instance, in the Ethereum network, any user can send any token to any other user, no permission required by the recipient. The recipient is free to ignore the new tokens if they wish, but they still have them (which results in some interesting tax questions). In the Stellar network, however, a user must issue a trustline to another in order to receive custom tokens issued by that user.

Similarly, many networks offer multisignature and multiuser wallets on-chain. However, without a centralized application sitting outside the...

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