opportunities. This is j ust the start. As Blockchain is more widely adopted,
it has the potential to radically reinvent the way companies and societies
operate, as radical a paradigm shift as happened with the launch of the
Internet.
Over the SEVEN Chapters in this book, you will learn the following:
Chapter 1 introduces Cryptography which is an essential element in
Blockchain in view of the confidentiality of messages when communicating
needs to be ensured so that no one other than the intended recipient of the
message can receive the message content. Cryptography introduces this
security and secrecy in message communication as also in the information
by concealing their contents.
Chapter 2 provides an understanding of Distributed Ledger Technology
and Blockchain. The DLT allows for transactions and data to be recorded,
shared, and synchronized across a distributed network of different network
participants. Blockchains employ cryptographic and algorithmic methods to
record and synchronize data across a network of different network
participants in an immutable manner.
Chapter 3 discusses the Consensus Models in Blockchain. Consensus is a
general agreement between a number of subj ects in a Blockchain network.
It is the process where the distributed nodes agree on the history and the
final state of the data on the ledger.
Chapter 4 describes Cryptocurrency which is electronic money created
with technology controlling its creation and protecting transactions, while
hiding the identity of its users. It is digital cash designed to be quicker,
cheaper, and more reliable than our regular government issued money.
Chapter 5 introduces Ethereum, Smart Contract, and dApps. Ethereum is a
decentralized, self-contained economy for transactional computation and
related data. It is an open Blockchain platform that lets anyone build and
use decentralized applications that run on Blockchain technology. Smart
Contract is the computer code that can facilitates the exchange of money,
content, property, shares, or anything of value. A dApp is an app where the
“server side” is j ust one or more well-known smart contracts that exist on
the Ethereum network, usually accompanied by some sort of user-friendly
front-end.