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Mastering Blockchain

You're reading from Mastering Blockchain

Product type Book

Published in Mar 2017

Publisher Packt

ISBN-13 9781787125445

Pages 540 pages

Edition 1st Edition

Languages

Concepts

Table of Contents (20) Chapters

Mastering Blockchain

Credits

About the Author

About the Reviewer

www.PacktPub.com

Customer Feedback

Preface

1. Blockchain 101

2. Decentralization

3. Cryptography and Technical Foundations

4. Bitcoin

5. Alternative Coins

6. Smart Contracts

7. Ethereum 101

8. Ethereum Development

9. Hyperledger

10. Alternative Blockchains

11. Blockchain-Outside of Currencies

12. Scalability and Other Challenges

13. Current Landscape and Whats Next

Decentralized applications

All ideas mentioned earlier come under the larger umbrella of decentralized applications. All DAOs, DACs, and DOs are basically decentralized applications that run on top of a blockchain in a peer-to-peer network. This is the latest advancement in technology with regard to decentralization. Decentralized applications or DAPPs are software programs that can run on their own blockchain, use another already existing established blockchain, or use only protocols of an existing blockchain solution. These are called Type I, Type II, and Type III DAPPs.

Requirements of a decentralized application

In order for an application to be considered a decentralized application, it must meet the following criteria. This definition was provided by David Johnston and others in their whitepaper called The General Theory of Decentralized Applications, Dapps:

The DAPP should be fully open source and autonomous and no single entity should be in control of a majority of its tokens. All changes...

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