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Mastering Blockchain - Fourth Edition

You're reading from Mastering Blockchain - Fourth Edition

Product type Book

Published in Mar 2023

Publisher Packt

ISBN-13 9781803241067

Pages 818 pages

Edition 4th Edition

Languages

Concepts

Author (1):

Imran Bashir

Table of Contents (24) Chapters

Preface

1. Blockchain 101

2. Decentralization

3. Symmetric Cryptography

4. Asymmetric Cryptography

5. Consensus Algorithms

6. Bitcoin Architecture

7. Bitcoin in Practice

8. Smart Contracts

9. Ethereum Architecture

10. Ethereum in Practice

11. Tools, Languages, and Frameworks for Ethereum Developers

12. Web3 Development Using Ethereum

13. The Merge and Beyond

14. Hyperledger

15. Tokenization

16. Enterprise Blockchain

17. Scalability

18. Blockchain Privacy

19. Blockchain Security

20. Decentralized Identity

21. Decentralized Finance

22. Blockchain Applications and What’s Next

23. Index

Innovations in Ethereum

In this section we will cover some of the innovations in Ethereum. Ethereum is under constant development. Just like BIPs, we have Ethereum improvement proposals (EIPS) in Ethereum to suggest and implement improvements in Ethereum. You can track EIPs here: https://eips.ethereum.org. Now we will cover some important improvements.

Difficulty time bomb

In addition to timestamp difference-based difficulty adjustment, there is also another element that increases mining difficulty exponentially after every 100,000 blocks. This is the so-called difficulty time bomb, or ice age, introduced in the Ethereum network, which will make it very hard to mine on the Ethereum blockchain at some point in the future.

Once activated, over time, the difficulty bomb makes mining on Ethereum 1.x so prohibitively slow that it becomes infeasible, resulting in a so-called “ice age.” In other words, this mechanism exponentially increases the PoW mining difficulty...

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Authors (1)

Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.

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