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Mastering Blockchain

Mastering Blockchain

3.3 (10)
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Mastering Blockchain

Mastering Blockchain

3.3 (10)

Overview of this book

Blockchain 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.
Table of Contents (14 chapters)
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10
10. Alternative Blockchains
12
12. Scalability and Other Challenges

Asymmetric cryptography

Asymmetric cryptography refers to a type of cryptography whereby the key that is used to encrypt the data is different from the key that is used to decrypt the data. Also known as public key cryptography, it uses public and private keys in order to encrypt and decrypt data, respectively. Various asymmetric cryptography schemes are in use, such as RSA, DSA, and El-Gammal.

An overview of public key cryptography is shown in the following diagram:

Asymmetric cryptography

Encryption decryption using public/private key

The diagram explains how a sender encrypts the data using a recipient's public key and is then transmitted over the network to the receiver. Once it reaches the receiver, it can be decrypted using the receiver's private key. This way, the private key remains on the receiver's side and there is no need to share keys in order to perform encryption and decryption, which is the case with symmetric encryption.

Another diagram shows how public key cryptography can be used...

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