Blockchain Scalability
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Blockchain Scalability
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Author : Zibin Zheng
language : en
Publisher: Springer Nature
Release Date : 2023-06-24
Blockchain Scalability written by Zibin Zheng and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-24 with Computers categories.
This book focuses on conducting a comprehensive analysis of blockchain scalability serving large-scale application scenarios, from the “what, why, how” three perspectives, layer by layer. Gathering the latest state-of-the-art research advances in the area of key issues and technologies for blockchain scalability, it also presents some special and exciting insights on the existing and future blockchain scalability. Despite blockchain’s merits of decentralization, immutability, non-repudiation, and traceability, the current blockchain has faced a serious scalability bottleneck. The scalability bottleneck problem is mainly manifested in two aspects: low-performance efficiency and difficulty in functional extension. First, the security and reliability of the blockchain system come from the fact that most nodes of the whole network participate in a distributed consensus to maintain the ledger. The high-cost consensus mechanism makes limited performance of blockchain, and there is a big gap between the actual large-scale application system. In addition, in order to ensure the security of a single blockchain system, data between different blockchain systems are relatively isolated, making it difficult for assets and data to interact. This book explores the scalability of blockchain in depth, proposes meaningful approaches to the problems mentioned above, and builds an original theoretical system of blockchain scalability. It describes the root of blockchain scalability problems, mainstream blockchain performance, the classification of existing scalability problem solutions, and some exciting sharding-based approaches. It also includes open issues and future directions to scale blockchain for complex practical application scenarios. As such, this book will be a valuable resource for students, researchers, engineers, and policymakers working in various areas related to blockchain scalability, which is also of great significance for understanding and solving the bottleneck of blockchain scalability and realizing the practical large-scale commercial application of blockchain.
Blockchain Scalability And Its Foundations In Distributed Systems
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Author : Vincent Gramoli
language : en
Publisher: Springer Nature
Release Date : 2022-08-04
Blockchain Scalability And Its Foundations In Distributed Systems written by Vincent Gramoli and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-04 with Computers categories.
This practical new book offers the distributed-computing fundamental knowledge for individuals to connect with one another in a more secure and efficient way than with traditional blockchains. These new forms of secure, scalable blockchains promise to replace centralized institutions to connect individuals without the risks of user manipulations or data extortions. The techniques taught herein consist of enhancing blockchain security and making blockchain scalable by relying on the observation that no blockchain can exist without solving the consensus problem. First, the state-of-the-art of consensus protocols are analyzed, hence motivating the need for a new family of consensus protocols offering strong (deterministic) guarantees. Second, a didactic series of classic blockchain vulnerabilities is presented to illustrate the importance of novel designs better suited for the adversarial environment of open networks. These cutting-edge solutions are illustrated through the Redbelly blockchain design, which solves a different problem from the classic Byzantine consensus problem of 1982 and which delivers—in the modern blockchain context—high performance at large scale. Topics and features: Covers the combination of security and distributed computing to devise the new generation of blockchains Shows how blockchain has shed new light on decades of research in distributed systems Provides instruction on the security needed by the industry to use blockchains in production Explains didactically the necessary ingredients to make blockchain efficient at large scale Helps fill the gap of knowledge in the highly demanded blockchain sector This unique volume contains the building blocks to design secure and scalable blockchains. As such, it is dedicated to developers, application designers, and computer scientists and requires only a minimal undergraduate level in mathematics and computer science. Vincent Gramoli is an Australian Research Council Future Fellow at the University of Sydney and the Chief Technology Officer of Redbelly Network. He teaches the Blockchain Scalability course on Coursera.
A Theoretical Treatment Of Blockchain Scaling Protocols
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Author : Georgia Avarikioti
language : en
Publisher:
Release Date : 2021-03-15
A Theoretical Treatment Of Blockchain Scaling Protocols written by Georgia Avarikioti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-15 with categories.
Bitcoin and other cryptocurrencies are electrifying the world. Thanks to a distributed data structure known as the blockchain, cryptocurrencies can execute financial transactions without a trusted central authority. However, every computer participating in a blockchain must exchange, store, and verify each and every transaction, and as such the transaction throughput of blockchains is embarrassingly low. Scaling decentralized blockchains has been in the spotlight of the blockchain research community due to the immediate consequences on the widespread adoption of cryptocurrencies. In this thesis, we examine different scaling solutions of blockchain protocols mainly from a theoretical perspective.
Beyond The Blocks
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Author : Mohammed Naveed Shariff
language : en
Publisher:
Release Date : 2024-03-16
Beyond The Blocks written by Mohammed Naveed Shariff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-16 with Computers categories.
In the ever-evolving world of cryptocurrency, scalability has emerged as one of the most pressing challenges. As the number of users and transactions continues to grow, the limitations of traditional blockchain networks have become increasingly apparent. Enter layer 2 scaling solutions - a revolutionary approach that promises to alleviate these bottlenecks and propel the ecosystem forward. This comprehensive book delves into the intricacies of layer 2 technologies, exploring their mechanics, advantages, and potential impact on the future of decentralized finance (DeFi) and beyond. Discover how these groundbreaking solutions work in tandem with the underlying blockchain, offloading transactions to separate layers while inheriting the security and decentralization of the main chain. From state channels and sidechains to roll-ups and plasma, this book offers an in-depth examination of the various layer 2 architectures, unpacking their unique characteristics and trade-offs. Gain invaluable insights into the concepts of data availability, validity proofs, and fraud proofs, which underpin the security and trustlessness of these scaling solutions. But this book goes beyond mere theory. Through real-world examples and case studies, you'll witness the transformative power of layer 2 technologies in action, witnessing how they are revolutionizing industries as diverse as gaming, supply chain management, and digital identity. Explore the synergies between layer 2 solutions and emerging trends like sharding, cross-chain communication, and zero-knowledge proofs. Whether you're a blockchain enthusiast, a developer, or a visionary entrepreneur, this book is an essential guide to navigating the complexities of layer 2 scaling solutions and unlocking their vast potential. Prepare to embark on a journey that will reshape your understanding of blockchain scalability and equip you with the knowledge to drive innovation in this rapidly evolving space.
Advanced Blockchain Development
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Author : Imran Bashir
language : en
Publisher: Packt Publishing Ltd
Release Date : 2019-05-22
Advanced Blockchain Development written by Imran Bashir and has been published by Packt Publishing Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-22 with Computers categories.
Explore distributed ledger technology, decentralization, and smart contracts and develop real-time decentralized applications with Ethereum and Solidity Key FeaturesGet to grips with the underlying technical principles and implementations of blockchainBuild powerful applications using Ethereum to secure transactions and create smart contractsGain advanced insights into cryptography and cryptocurrenciesBook Description Blockchain technology is a distributed ledger with applications in industries such as finance, government, and media. This Learning Path is your guide to building blockchain networks using Ethereum, JavaScript, and Solidity. You will get started by understanding the technical foundations of blockchain technology, including distributed systems, cryptography and how this digital ledger keeps data secure. Further into the chapters, you’ll gain insights into developing applications using Ethereum and Hyperledger. As you build on your knowledge of Ether security, mining , smart contracts, and Solidity, you’ll learn how to create robust and secure applications that run exactly as programmed without being affected by fraud, censorship, or third-party interference. Toward the concluding chapters, you’ll explore how blockchain solutions can be implemented in applications such as IoT apps, in addition to its use in currencies. The Learning Path will also highlight how you can increase blockchain scalability and even discusses the future scope of this fascinating and powerful technology. By the end of this Learning Path, you'll be equipped with the skills you need to tackle pain points encountered in the blockchain life cycle and confidently design and deploy decentralized applications. This Learning Path includes content from the following Packt products: Mastering Blockchain - Second Edition by Imran BashirBuilding Blockchain Projects by Narayan PrustyWhat you will learnUnderstand why decentralized applications are importantDiscover the mechanisms behind bitcoin and alternative cryptocurrenciesMaster how cryptography is used to secure data with the help of examplesMaintain, monitor, and manage your blockchain solutionsCreate Ethereum walletsExplore research topics and the future scope of blockchain technologyWho this book is for This Learning Path is designed for blockchain developers who want to build decentralized applications and smart contracts from scratch using Hyperledger. Basic familiarity with any programming language will be useful to get started with this Learning Path.
Mastering Blockchain
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Author : Imran Bashir
language : en
Publisher: Packt Publishing Ltd
Release Date : 2018-03-30
Mastering Blockchain written by Imran Bashir and has been published by Packt Publishing Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-30 with Computers categories.
Learn about cryptography and cryptocurrencies, so you can build highly secure, decentralized applications and conduct trusted in-app transactions. Key Features Get 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 Book Description A blockchain is a distributed ledger that is replicated across multiple nodes and enables immutable, transparent and cryptographically secure record-keeping of transactions. The blockchain technology is the backbone of cryptocurrencies, and it has applications in finance, government, media and almost all other industries. Mastering Blockchain, Second Edition has been thoroughly updated and revised to provide a detailed description of this leading technology and its implementation in the real world. This book begins with the technical foundations of blockchain technology, teaching you the fundamentals of distributed systems, 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 also explore different other blockchain solutions and get an introduction to business blockchain frameworks under Hyperledger, a collaborative effort for the advancement of blockchain technologies hosted by the Linux Foundation. You will also be shown how to implement blockchain solutions beyond currencies, Internet of Things with blockchain, blockchain scalability, and the future scope of this fascinating and powerful technology. What you will learn Master the theoretical and technical foundations of the blockchain technology Understand the concept of decentralization, its impact, and its relationship with blockchain technology Master how cryptography is used to secure data - with practical examples Grasp the inner workings of blockchain and the mechanisms behind bitcoin and alternative cryptocurrencies Understand the theoretical foundations of smart contracts Learn how Ethereum blockchain works and how to develop decentralized applications using Solidity and relevant development frameworks Identify and examine applications of the blockchain technology - beyond currencies Investigate alternative blockchain solutions including Hyperledger, Corda, and many more Explore research topics and the future scope of blockchain technology Who this book is for This book will appeal to those who wish to build fast, highly secure, transactional applications. It targets people who are familiar with the concept of blockchain and are comfortable with a programming language.
Blockchain Technology And Applications
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Author : Manoj Kumar M V
language : en
Publisher: CRC Press
Release Date : 2022-12-13
Blockchain Technology And Applications written by Manoj Kumar M V and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-13 with Technology & Engineering categories.
Blockchain is an emerging platform for developing decentralized applications and data storage, over and beyond its role as a platform for cryptocurrencies. This reference text provides a comprehensive discussion on blockchain technology from research and application perspective. Discusses different approaches for building distributed applications (DAPPS). Provides detailed listing and discussion of blockchain technology applications in solving real life problems. Covers proof of work (PoW) based blockchain consensus, and proof of stake (PoS) based blockchain consensus. Discusses blockchain algorithms including practical byzantine fault tolerance (PBFT) and simplified byzantine fault tolerance (SBFT). It comprehensively covers important topics including blockchain consensus algorithms, Ethereum, Hyperledger, blockchain scalability, smart contracts with solidity, ERC20 standards, building DApp with Golang, building DApp using Hyperledger, building PoCs with Hyperledger fabric, blockchain as a server, blockchain security and privacy. The text will serve as a useful text for senior undergraduate and graduate students in interdisciplinary areas including electronics and communications engineering, electrical engineering, computer science, and information technology.
On The Scalability And Security Of Bitcoin
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Author : Christian Decker
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-01-19
On The Scalability And Security Of Bitcoin written by Christian Decker and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-19 with categories.
Since its inception in late 2008, Bitcoin has enjoyed a rapid growth, both in value and in the number of transactions. Its success is mostly due to innovative use of a peer-to-peer network to implement all aspects of a currency's lifecycle - from creation to its transfer between users. Bitcoin offers cash-like transactions that are near-instantaneous and non-refundable, while at the same time allowing truly global transactions, processed at the same speed as local ones. It offers a public transaction history, enabling trustless auditability, and it introduces many new and innovative use-cases such as smart property, micropayments, contracts, and escrow transactions for dispute mediation. However, the same features that make Bitcoin attractive for its end-users are also its main limitations. Its decentralized nature limits the number of transactions and the speed at which transactions can be performed and confirmed. The problem with the slow confirmations is compounded with the semantics of the confirmations which are not final, requiring multiple confirmations and further delaying acceptance of a transaction. In the first part of the thesis we analyze whether the current Bitcoin protocol scales and what the scalability limits are. We find that Bitcoin does not scale, because its synchronization mechanism, the blockchain, limits the maximum rate of transactions the network can process. In order to address the scalability problem we propose Duplex Micropayment Channels, which increase the rate at which Bitcoin transfers can be performed by several orders of magnitude, by moving the transfers off the blockchain and using the blockchain solely for dispute mediation. Another form of scalability problem is the fact that more and more blockchain based applications are being created, eachwith their own small isolated blockchain, and vulnerable to attacks. We present PeerCensus, a subsystem that acts as a certification authority, manages peer identities in a peer-to-peer network and does not store application specific data in the blockchain. Using PeerCensus, any number of applications can share a single blockchain, decoupling confirmations from block generation rate and enhancing Bitcoin and similar systems with strong consistency. Being a relatively new technology, Bitcoin has a number of new security challenges and innovative properties. We analyze these properties and challenges in the second part of the thesis. The first novel property is that the transaction history, in the form of the blockchain, is public and accessible by anyone. Making use of the open nature of the blockchain, we were able to dispell claims by MtGox, once the world's largest Bitcoin exchange, that a bug in the Bitcoin protocol was used in a large scale attack to defraud them. We then use the blockchain to build a prototype of an audit protocol that allows a fiduciary, such as a Bitcoin exchange, to demonstrate that its assets cover its liabilities, without resorting to trusted third parties. Bitcoin also shifts the responsibility of managing and securing funds from a trusted third party to the end-user, which may not have the necessary tools to protect her funds. We show how a merchant may accept fast-payments, i.e., transactions without waiting for confirmations, with reasonable security against doublespending attacks by observing how transactions propagate in the network. Finally, we present a prototype of a secure device that stores private keys in tamper resitant storage and allows the user to independently verify a payment before authorizing it.
Blockchain For Enterprise
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Author : Narayan Prusty
language : en
Publisher: Packt Publishing Ltd
Release Date : 2018-09-26
Blockchain For Enterprise written by Narayan Prusty and has been published by Packt Publishing Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-26 with Computers categories.
Implement blockchain principles in your choice of domain using Ethereum Key FeaturesBuild permissioned enterprise-grade blockchain applications from scratchImplement Blockchain-as-a-Service to enterprises in terms of deployment and securityAchieve privacy in blockchains using proxy re-encryption algorithmsBook Description The increasing growth in blockchain use is enormous, and it is changing the way business is done. Many leading organizations are already exploring the potential of blockchain. With this book, you will learn to build end-to-end enterprise-level decentralized applications and scale them across your organization to meet your company's needs. This book will help you understand what DApps are and how the blockchain ecosystem works, via real-world examples. This extensive end-to-end book covers every blockchain aspect for business and for developers. You will master process flows and incorporate them into your own enterprise. You will learn how to use J.P. Morgan’s Quorum to build blockchain-based applications. You will also learn how to write applications that can help communicate enterprise blockchain solutions. You will learn how to write smart contracts that run without censorship and third-party interference. Once you've grasped what a blockchain is and have learned about Quorum, you will jump into building real-world practical blockchain applications for sectors such as payment and money transfer, healthcare, cloud computing, supply chain management, and much more. What you will learnLearn how to set up Raft/IBFT Quorum networksImplement Quorum's privacy and security featuresWrite, compile, and deploy smart contractsLearn to interact with Quorum using the web3.js JavaScript libraryLearn how to execute atomic swaps between different networksBuild a secured Blockchain-as-a-Service for efficient business processesAchieve data privacy in blockchains using proxy re-encryptionWho this book is for This book is for innovators, digital transformers, and blockchain developers who want to build end-to-end, decentralized applications using the blockchain technology. If you want to scale your existing blockchain system across the enterprise, you will find this book useful, too. It adopts a practical approach to solving real problems in enterprises using a blend of theory and practice.
Blockchain
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Author : Tatiana Gayvoronskaya
language : en
Publisher: Springer Nature
Release Date : 2020-12-17
Blockchain written by Tatiana Gayvoronskaya and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-17 with Computers categories.
This book focuses on the innovation of blockchain technology and the advantages it offers. It provides a clear and comprehensive overview of blockchain technology and its possibilities, and thereby helps readers to form an opinion and draw their own conclusions about its potential exploitations. The book begins with a chapter on the topic of decentralized networks, which familiarizes readers with their challenges by using the example of an online trading platform. Hereinafter, it is then detailed what blockchain technology is, where it comes from, and how it works. The necessary underlying technologies are explained, and various individual approaches as well as their composition are presented. Using well-known examples such as Bitcoin and Ethereum as an illustration, the book looks at the architecture of blockchain technology and focuses on the challenges such as security and scalability. The options available when introducing blockchain technology are also outlined, and best-practice examples are presented to get a better idea of what areas benefit from this technology. Numerous examples and detailed explanations will accompany the readers throughout the book. By the time they have reached the end, they will be able to decide for themselves what is truly innovative about blockchain technology and what is nothing more than hype.