Mastering Blockchain

The future will be increasingly decentralized. As the publicity surrounding bitcoin and blockchain has shown, decentralized technology and distributed business models are already popular. Yet the disruptive potential of this technology is obscured by hype and misconception in equal measure. In this detailed guide, Lorne Lantz and Daniel Cawrey distill the complex ideas behind blockchain into an easily digestible reference that shows what's really going on under the hood. Finance and technology professionals will learn how a blockchain works as they explore the evolution and current state of cryptocurrencies, and the function of smart contracts. If you're evaluating whether to invest your time in the cryptocurrency and blockchain industry, this book is for you. Go beyond the buzzwords and discover what the technology has to offer. Learn why Bitcoin was fundamentally important to the birth of blockchain Explore altcoin and altchain successes and failures to see what can be done with blockchains and cryptocurrencies Understand the challenges of scaling a blockchain and forking a blockchain project See what Ethereum offers beyond Bitcoin Examine how the money flows in crypto markets Discover why, how, and where governments are intervening in the cryptocurrency and blockchain industry Understand the perspectives of real-world practitioners in the space.

Intro -- Copyright -- Table of Contents -- Preface -- Conventions Used in This Book -- Using Code Examples -- O'Reilly Online Learning -- How to Contact Us -- Acknowledgments -- Chapter 1. Origins of Blockchain Technology -- Electronic Systems and Trust -- Distributed Versus Centralized Versus Decentralized -- Bitcoin Predecessors -- DigiCash -- E-Gold -- Hashcash -- B-Money -- Bit Gold -- The Bitcoin Experiment -- The 2008 Financial Crisis -- The Whitepaper -- Introducing the Timestamp Server -- Storing Data in a Chain of Blocks -- Bringing Bitcoin to Life -- Compelling Components

Achieving Consensus -- An Early Vulnerability -- Adoption -- Summary -- Chapter 2. Cryptocurrency Fundamentals -- Public and Private Keys in Cryptocurrency Systems -- The UTXO Model -- Transactions -- The Merkle Root -- Signing and Validating Transactions -- The Coinbase Transaction -- Bitcoin Transaction Security -- Hashes -- Block Hashes -- Custody: Who Holds the Keys -- Wallet Types: Custodial Versus Noncustodial -- Wallet Type Variations -- Security Fundamentals -- Recovery Seed -- Mining -- Mining Is About Incentives -- Block Generation -- Consensus -- Proof-of-Work -- Proof-of-Stake

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