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Foundations of Blockchain

You're reading from   Foundations of Blockchain The pathway to cryptocurrencies and decentralized blockchain applications

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Product type Paperback
Published in Jan 2019
Publisher Packt
ISBN-13 9781789139396
Length 372 pages
Edition 1st Edition
Languages
Concepts
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Author (1):
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Koshik Raj Koshik Raj
Author Profile Icon Koshik Raj
Koshik Raj
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Toc

Table of Contents (14) Chapters Close

Preface 1. Introduction FREE CHAPTER 2. A Bit of Cryptography 3. Cryptography in Blockchain 4. Networking in Blockchain 5. Cryptocurrency 6. Diving into Blockchain - Proof of Existence 7. Diving into Blockchain - Proof of Ownership 8. Blockchain Projects 9. Blockchain Optimizations and Enhancements 10. Blockchain Security 11. When Shouldn't We Use Blockchain? 12. Blockchain Use Cases 13. Other Books You May Enjoy

Bitcoin hard forks and altcoins

A hard fork in Bitcoin is an update to the protocol that will not entertain the older protocol, thus requiring everyone to upgrade. Hard fork upgrades often include major changes such as changing the blockchain structure, transaction, or consensus rules. The major difference between a soft fork and hard fork is that the latter is not backward compatible, meaning that the older system will not function in the updated protocol.

There will be two different versions of blockchain after the blockchain hard fork. The multiple versions of blockchain are a result of disagreement among the blockchain nodes to follow a single protocol. Blockchain hard forks often result in protocol upgrades. Bitcoin has had several hard forks, which has resulted in the creation of Bitcoin forked cryptocurrencies. Bitcoin Cash was the first successfully hard-forked cryptocurrency...

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