Blockchain is an emerging technology that can radically improve
security in transaction networks, it provides the basis for a
dynamic distributed ledger that can be applied to save time when
recording transactions between parties, remove costs associated
with intermediaries, and reduce risks of fraud and tampering. This
book explores the fundamentals and applications of Blockchain
technology; the transparent, secure, immutable and distributed
database used currently as the underlying technology for
Cryptocurrency. Decentralized peer-to-peer network, distributed
ledger and the trust model that defines Blockchain technology will
be explained. Components of Blockchain, its operations, underlying
algorithms, and essentials of trust will be defined. Types of
Blockchain networks including private and public Blockchain
networks will be introduced. Concepts of smart contracts, proof of
work and proof of stack will be clarified. The relationship between
Blockchain technology, Internet of Things (IoT), Artificial
Intelligence (AI), Cybersecurity and Digital Transformation will be
explored in this book. Myths about Blockchain will be exposed and a
look at the future of Blockchain will be presented. Topics will be
covered in this book: Blockchain technology, Smart contracts,
Hashing, SHA-256 Hash, Verification, Validation, Consensus models,
Digital Mining, Hard fork, Soft fork, Bitcoin, Ethereum, Proof of
work, Proof of stack, Myths about Blockchain, Decentralized
peer-to-peer network, Types of Blockchain networks, Hot and Cold
Wallets, Double Spend, Decentralized Applications, Transaction
networks, Sidechains, 51% attack, Cryptocurrency, Digital
transformation, Internet of Things (IoT), Artificial Intelligence
(AI), Cybersecurity and the Future of Blockchain.
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