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You're reading from  Ethereum Smart Contract Development

Product typeBook
Published inFeb 2018
Reading LevelIntermediate
PublisherPackt
ISBN-139781788473040
Edition1st Edition
Languages
Solidity
Tools
Ethereum
Concepts
Cryptocurrency
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Author (1)
Mayukh Mukhopadhyay
Mayukh Mukhopadhyay
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Mayukh Mukhopadhyay

Mayukh Mukhopadhyay started his career as a BI developer. After the 2008-09 financial crisis, he was at Tata Consultancy Services for one of their Fortune 500 clients in the telecom sector. Holding a master's in software engineering from Jadavpur University, he is presently working as a data insight developer, where he focuses on applying data science and machine learning to raw telecom equipment logs to generate business insights. He has a varied list of academic interests, ranging from audio signal processing, structural bioinformatics, and bio-inspired algorithms to consciousness engineering. Apart from being an Oracle Certified Specialist, he is a Certified Bitcoin Professional, recognized by C4 (Crypto Currency Certification Consortium). He tries to apply blockchain as a technology to different business domains.
Read more about Mayukh Mukhopadhyay

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Tangle beyond blockchain

We have devoted the entire book to blockchain-based smart contract development. But there is another ecosystem of cryptocurrencies that are not based on blockchains. These are based on direct acyclic graphs or DAGs. Such systems are called graph-based, distributed ledger technology. Some noteworthy DAG-based DLTs are DagCoin, Byteball, Hashgraph, and Tangle.

DagCoin was the first DAG-based DLT launched in 2012 by Sergio Demian Lerner, pioneer of blockchain-free cryptocurrencies. That was closely followed by Byteball by Anton Churyumov. Hashgraph is currently a private DLT based on DAG, invented by Leemon Baird. Tangle technology was introduced as a whitepaper by Sergey Popov on April 3, 2016. The cryptocurrency on Tangle aims at supporting transactions between Internet-of-Things (IoT) appliances, hence aptly named Iota.

In the following sections, we will explore the shortcoming of a traditional blockchain, the technology behind Tangle, a GitHub analysis of Iota, and...

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Ethereum Smart Contract Development
Published in: Feb 2018Publisher: PacktISBN-13: 9781788473040
© 2018 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Mayukh Mukhopadhyay

Mayukh Mukhopadhyay started his career as a BI developer. After the 2008-09 financial crisis, he was at Tata Consultancy Services for one of their Fortune 500 clients in the telecom sector. Holding a master's in software engineering from Jadavpur University, he is presently working as a data insight developer, where he focuses on applying data science and machine learning to raw telecom equipment logs to generate business insights. He has a varied list of academic interests, ranging from audio signal processing, structural bioinformatics, and bio-inspired algorithms to consciousness engineering. Apart from being an Oracle Certified Specialist, he is a Certified Bitcoin Professional, recognized by C4 (Crypto Currency Certification Consortium). He tries to apply blockchain as a technology to different business domains.
Read more about Mayukh Mukhopadhyay

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