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Raj - Foundations of Blockchain the pathway to cryptocurrencies and decentralized blockchain applications

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Learn the foundations of blockchain technology - its core concepts and algorithmic solutions across cryptography, peer-to-peer technology, and game theory. Key Features Learn the core concepts and foundations of the blockchain and cryptocurrencies Understand the protocols and algorithms behind decentralized applications Master how to architect, build, and optimize blockchain applications Book Description Blockchain technology is a combination of three popular concepts: cryptography, peer-to-peer networking, and game theory. This book is for anyone who wants to dive into blockchain from first principles and learn how decentralized applications and cryptocurrencies really work. This book begins with an overview of blockchain technology, including key definitions, its purposes and characteristics, so you can assess the full potential of blockchain. All essential aspects of cryptography are then presented, as the backbone of blockchain. For readers who want to study the underlying algorithms of blockchain, youll see Python implementations throughout. Youll then learn how blockchain architecture can create decentralized applications. Youll see how blockchain achieves decentralization through peer-to-peer networking, and how a simple blockchain can be built in a P2P network. Youll learn how these elements can implement a cryptocurrency such as Bitcoin, and the wider applications of blockchain work through smart contracts. Blockchain optimization techniques, and blockchain security strategies are then presented. To complete this foundation, we consider blockchain applications in the financial and non-financial sectors, and also analyze the future of blockchain. A study of blockchain use cases includes supply chains, payment systems, crowdfunding, and DAOs, which rounds out your foundation in blockchain technology. What you will learn The core concepts and technical foundations of blockchain The algorithmic principles and solutions that make up blockchain and cryptocurrencies Blockchain cryptography explained in detail How to realize blockchain projects with hands-on Python code How to architect the blockchain and blockchain applications Decentralized application development with MultiChain, NEO, and Ethereum Optimizing and enhancing blockchain performance and security Classical blockchain use cases and how to implement them Who this book is for This book is for anyone who wants to dive into blockchain technology from first principles and build a ...

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Foundations of Blockchain The pathway to cryptocurrencies and decentralized - photo 1
Foundations of Blockchain
The pathway to cryptocurrencies and decentralized blockchain applications
Koshik Raj

BIRMINGHAM - MUMBAI Foundations of Blockchain Copyright 2019 Packt Publishing - photo 2

BIRMINGHAM - MUMBAI
Foundations of Blockchain

Copyright 2019 Packt Publishing

All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, without the prior written permission of the publisher, except in the case of brief quotations embedded in critical articles or reviews.

Every effort has been made in the preparation of this book to ensure the accuracy of the information presented. However, the information contained in this book is sold without warranty, either express or implied. Neither the author, nor Packt Publishing or its dealers and distributors, will be held liable for any damages caused or alleged to have been caused directly or indirectly by this book.

Packt Publishing has endeavored to provide trademark information about all of the companies and products mentioned in this book by the appropriate use of capitals. However, Packt Publishing cannot guarantee the accuracy of this information.

Acquisition Editors: Frank Pohlmann
Acqusition Editor - Peer Reviews: Suresh Jain
Project Editor: Kishor Rit
Content Development Editor:
Alex Sorrentino
Technical Editor: Nidhisha Shetty
Copy Editor: Safis Editing
Proofreader: Safis Editing
Indexer: Tejal Daruwale Soni
Graphics: Tom Scaria, Sandip Tadge
Production Coordinator: Sandip Tadge

First published: January 2019

Production reference: 1240119

Published by Packt Publishing Ltd.
Livery Place
35 Livery Street
Birmingham
B3 2PB, UK.

ISBN 978-1-78913-939-6

www.packtpub.com

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Contributors
About the author

Koshik Raj is an information security enthusiast who holds a master's degree in computer science and information security. He has a background of working with RSA, a network security company. He has also worked as a senior developer in CoWrks, Bengaluru.

Koshik has been studying blockchain technology since he was introduced to Bitcoin while pursuing his master's. He is currently advising an educational start-up looking to implement blockchain technology in the education space. He is also setting up a blockchain incubation center for students and researchers in Bengaluru to aid mentorship and networking, and even the launching and marketing of their ideas.

Writing a book was harder than I imagined, but the support of the talented team at Packt Publishing made this a smooth journey. I would like to thank my development editor, Alex Sorrentino, and tech reviewer, Pranav Burnwal, for helping me to tremendously improve the quality of the book. Special thanks to my patient project editor, Kishor Rit, who kept me on track with proper guidance. I'm also thankful to Savvy and Suzanne for guiding me at the early stages.
I thank my entire family, including my mom, uncle, sister, aunts, and cousins, for supporting me in whatever way possible. Thanks to my roommates and friends for understanding my busy schedule during the weekends.
Finally, I would like to dedicate this book to my late dad, Vasanth Raj, who believed in me and supported me in every decision of my life.
About the reviewer

Pranav Burnwal has a background in research and development and has been working with cutting-edge technologies for a good number of years now. The technologies he has worked with include blockchain, big data, analytics (log and data), cloud computing, message queues, NoSQL, and web servers. He has worked across various domains, including BFSI, HLS, FMCG, and automobiles, to name a few.

Pranav is an active community member in multiple communities, and the region head for Blockchain Education Network (BEN), a registered NGO and worldwide network of people working with blockchain. He has also organized multiple meetups and a start-up weekend in India.

Pranav has been an active trainer in the blockchain space for three exciting years, for audiences ranging from junior developers to senior VPs. This has also given him insights into how people understand new and complex technologies, which helped him frame the book in the best interests of the readers.

To my lovely mother, Glory. Thank you for believing in me.
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Preface

Blockchain technology can be very intimidating when encountered for the first time. But in reality, the technology itself is just a combination of three popular concepts: cryptography, peer-to-peer networking, and game theory. Although these may seem complicated at first glance, a basic understanding of these three required concepts will help you to build a strong foundation that once you've completed, can be used as a cornerstone for understanding blockchain technology at an advanced level.

This book helps you to understand the concepts of blockchain technology, and introduces you to both cryptocurrency, as well as several blockchain platforms. It also gives an in-depth analysis of the potential and concerns of the technology so that blockchain can be adopted where its implementation actually adds value.

Who this book is for

This book is designed for anyone who is looking to dive into the foundations of the blockchain technology space. Although this book builds a foundation for blockchain technology for beginners, it can also be used by blockchain developers as a quick reference guide and also to gain deeper insights on a few exciting topics of the technology.

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