Distributed ledgers, decentralization and smart contracts explainedAbout This BookGet to grips with the underlying technical principles and implementations of blockchain.Build powerful applications using Ethereum to secure transactions and create smart contracts.Explore cryptography, mine cryptocurrencies, and solve scalability issues with this comprehensive guide.Who This Book Is ForThis book appeals to those who wish to build fast, highly secure, transactional applications. This book is for those who are familiar with the concept of blockchain and are comfortable with a programming language.What You Will LearnMaster the theoretical and technical foundations of blockchain technologyFully comprehend the concept of decentralization, its impact and relationship with blockchain technologyExperience how cryptography is used to secure data with practical examplesGrasp the inner workings of blockchain and relevant mechanisms behind Bitcoin and alternative cryptocurrenciesUnderstand theoretical foundations of smart contractsIdentify and examine applications of blockchain technology outside of currenciesInvestigate alternate blockchain solutions including Hyperledger, Corda, and many moreExplore research topics and future scope of blockchain technologyIn DetailBlockchain is a distributed database that enables permanent, transparent, and secure storage of data. The blockchain technology is the backbone of cryptocurrency – in fact, it's the shared public ledger upon which the entire Bitcoin network relies – and it's gaining popularity with people who work in finance, government, and the arts.Blockhchain technology uses cryptography to keep data secure. This book gives a detailed description of this leading technology and its implementation in the real world.This book begins with the technical foundations of blockchain, teaching you the fundamentals of cryptography and how it keeps data secure. You will learn about the mechanisms behind cryptocurrencies and how to develop applications using Ethereum, a decentralized virtual machine. You will explore different blockchain solutions and get an exclusive preview into Hyperledger, an upcoming blockchain solution from IBM and the Linux Foundation. You will also be shown how to implement blockchain beyond currencies, scability with blockchain, and the future scope of this fascinating and powerful technology.Style and approachThis comprehensive guide allows you to build smart blockchain applications and explore the power of this database. The book will let you quickly brush up on the basics of the blockchain database, followed by advanced implementations of blockchain in currency, smart contracts, decentralization, and so on.