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Mastering Blockchain

You're reading from   Mastering Blockchain Deeper insights into decentralization, cryptography, Bitcoin, and popular Blockchain frameworks

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Product type Paperback
Published in Mar 2017
Publisher Packt
ISBN-13 9781787125445
Length 540 pages
Edition 1st Edition
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Table of Contents (20) Chapters Close

Mastering Blockchain
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface
1. Blockchain 101 FREE CHAPTER 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:

  1. 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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