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Blockchain beyond Bitcoin
Sreedhar Joshi
What I intend to cover
● Why is the buzz around blockchain in the recent times?
● What are some of the misconceptions prevalent about Blockchain?
● I'm new to crypto world , What if I don't care what Block chain or a crypto currency is ?
● What are bitcoins?
● What are pros and cons if a country supports a crypto based payments?
● What is the scope of Blockchain?
● Business scenarios where Blockchain has been used or can be used?
● Is it all about cryptocurrencies or what are other platforms in which I can implement it in?
● What are areas where it is used, advantages and alternatives?
● What are some applications that are using blockchains unnecessarily though there are better solutions? Do we
know when to not use blockchains?
● How do we deal with the explosion in the number of cryptocurrencies and their abuse in pump and dump schemes
and fake ICOs?
What I intend to cover (contd..)
● Are there any existing real-time applications of Blockchain other than cryptocurrencies and as an upcoming
developer how can I use/implement blockchain.
● If I were to start a project that requires a blockchain today, what open-source implementations are available?
Hyperledger isn't here yet. How can we take up any blockchain projects without implementing a new blockchain
from scratch?
● As a I am part of tech industry what are things i should know and learn.
● How is blockchain different (both advantages / disadvantages) from other distributed technologies.
● Why is mining becoming resource/power consumption overhead, what alternatives?
● What is blockchain? Technical breakdown of concept and implementation.
Target Audience
Fundamental Concepts - One way functions
Fundamental Concepts - Hashing
Merkle Tree
Public Private Key Cryptography
Block Chain
Characteristics of a Blockchain - Decentralised,
P2P
Characteristics of a Blockchain - Tamper
Resistant
Source: https://anders.com/blockchain/
Characteristics of a Blockchain - Consensus
Based
Blockchain without cryptocurrency
Transaction - Ethereum
Transaction - Bitcoin
Block - Ethereum
Block - Bitcoin
Mining
Proof of work
Proof of stake
Smart Contract
Block 1 Block 2 Block 3
Characteristics
Decentralised, Tamper resistant, Neutral
platform that can establish trust in a trustless
environment
Some Applications - Gitcoin
Some Applications - Namecoin
Some Applications - Everledger
Some Applications - Filecoin
Current Challenges - Scale
Current Challenges - Pseudo anonymity
Current Challenges - Energy Efficiency
Current Challenges - Nascency
Current Challenges - Quantum Computing
As a developer…..
● Be Interested
● Understand basics of cryptography
● Pick a Blockchain and try building dApps
● Learn a programming Language
Resources
https://bitcoin.org/bitcoin.pdf
https://github.com/chronaeon/beigepaper/blob/master/beigepaper.pdf
https://antonopoulos.com/
https://www.youtube.com/channel/UCnFKzFtfn-xtUuwYXCEla3Q
https://softwareengineeringdaily.com/category/blockchain/
Discussion
What I intended to cover
● Why is the buzz around blockchain in the recent times?
● What are some of the misconceptions prevalent about Blockchain?
● I'm new to crypto world , What if I don't care what Block chain or a crypto currency is ?
● What are bitcoins?
● What are pros and cons if a country supports a crypto based payments?
● What is the scope of block chain?
● Business scenarios where Block chain has been used or can be used?
● Is it all about cryptocurrencies or what are other platforms in which I can implement it in?
● What are areas where it is used, advantages and alternatives?
● What are some applications that are using blockchains unnecessarily though there are better solutions? Do we
know when to not use blockchains?
● How do we deal with the explosion in the number of cryptocurrencies and their abuse in pump and dump schemes
and fake ICOs?
What I intended to cover (contd..)
● Are there any existing real-time applications of Blockchain other than cryptocurrencies and as an upcoming
developer how can I use/implement blockchain.
● If I were to start a project that requires a blockchain today, what open-source implementations are available?
Hyperledger isn't here yet. How can we take up any blockchain projects without implementing a new blockchain
from scratch?
● As a I am part of tech industry what are things i should know and learn.
● How is blockchain different (both advantages / disadvantages) from other distributed technologies.
● Why is mining becoming resource/power consumption overhead, what alternatives?
● What is blockchain? Technical breakdown of concept and implementation.
Image sources
4 - https://pxhere.com/en/photo/796734,
5- https://commons.wikimedia.org/wiki/File:Trapdoor.jpg
6 - https://commons.wikimedia.org/wiki/File:Hash_function_long.png
7 - https://commons.wikimedia.org/wiki/File:ZFS_Merkle_Tree_2.svg
8 - https://commons.wikimedia.org/wiki/File:Public_key_encryption.svg
9 - https://commons.wikimedia.org/wiki/File:Bitcoin_Block_Data.svg
10 - https://commons.wikimedia.org/wiki/File:P2P-network.svg
12 - https://commons.wikimedia.org/wiki/File:Consensus_among_three_Wikipedians.svg
13 - https://commons.wikimedia.org/wiki/File:Auto_fuel_gauge.jpg
Image sources (contd..)
18 - https://commons.wikimedia.org/wiki/File:Miner_Vector.svg
19 - https://commons.wikimedia.org/wiki/File:University_of_Oxford_Degree_Certificate_(Bachelor_of_Arts_by_Incorporation).jpg
20 - https://commons.wikimedia.org/wiki/File:Bukidomino.jpg
21 - https://commons.wikimedia.org/wiki/File:Binary_executable_file2.png
26 - https://commons.wikimedia.org/wiki/File:Loaded_jingle_truck_in_Afghanistan.JPG
28 - https://commons.wikimedia.org/wiki/File:Energy_waste_cans.JPG
29 - https://commons.wikimedia.org/wiki/File:Ambulance_of_the_French_Army.jpg
30 - https://commons.wikimedia.org/wiki/File:Quantum_Computing;_Ion_Trapping_(5941055642).jpg
31 - https://commons.wikimedia.org/wiki/File:Foucault_pendulum_animated.gif
32 - https://commons.wikimedia.org/wiki/File:Thank-you-word-cloud.jpg

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Blockchain beyond bitcoin

  • 2. What I intend to cover ● Why is the buzz around blockchain in the recent times? ● What are some of the misconceptions prevalent about Blockchain? ● I'm new to crypto world , What if I don't care what Block chain or a crypto currency is ? ● What are bitcoins? ● What are pros and cons if a country supports a crypto based payments? ● What is the scope of Blockchain? ● Business scenarios where Blockchain has been used or can be used? ● Is it all about cryptocurrencies or what are other platforms in which I can implement it in? ● What are areas where it is used, advantages and alternatives? ● What are some applications that are using blockchains unnecessarily though there are better solutions? Do we know when to not use blockchains? ● How do we deal with the explosion in the number of cryptocurrencies and their abuse in pump and dump schemes and fake ICOs?
  • 3. What I intend to cover (contd..) ● Are there any existing real-time applications of Blockchain other than cryptocurrencies and as an upcoming developer how can I use/implement blockchain. ● If I were to start a project that requires a blockchain today, what open-source implementations are available? Hyperledger isn't here yet. How can we take up any blockchain projects without implementing a new blockchain from scratch? ● As a I am part of tech industry what are things i should know and learn. ● How is blockchain different (both advantages / disadvantages) from other distributed technologies. ● Why is mining becoming resource/power consumption overhead, what alternatives? ● What is blockchain? Technical breakdown of concept and implementation.
  • 5. Fundamental Concepts - One way functions
  • 8. Public Private Key Cryptography
  • 10. Characteristics of a Blockchain - Decentralised, P2P
  • 11. Characteristics of a Blockchain - Tamper Resistant Source: https://anders.com/blockchain/
  • 12. Characteristics of a Blockchain - Consensus Based
  • 21. Smart Contract Block 1 Block 2 Block 3
  • 22. Characteristics Decentralised, Tamper resistant, Neutral platform that can establish trust in a trustless environment
  • 25. Some Applications - Everledger
  • 28. Current Challenges - Pseudo anonymity
  • 29. Current Challenges - Energy Efficiency
  • 31. Current Challenges - Quantum Computing
  • 32. As a developer….. ● Be Interested ● Understand basics of cryptography ● Pick a Blockchain and try building dApps ● Learn a programming Language
  • 35. What I intended to cover ● Why is the buzz around blockchain in the recent times? ● What are some of the misconceptions prevalent about Blockchain? ● I'm new to crypto world , What if I don't care what Block chain or a crypto currency is ? ● What are bitcoins? ● What are pros and cons if a country supports a crypto based payments? ● What is the scope of block chain? ● Business scenarios where Block chain has been used or can be used? ● Is it all about cryptocurrencies or what are other platforms in which I can implement it in? ● What are areas where it is used, advantages and alternatives? ● What are some applications that are using blockchains unnecessarily though there are better solutions? Do we know when to not use blockchains? ● How do we deal with the explosion in the number of cryptocurrencies and their abuse in pump and dump schemes and fake ICOs?
  • 36. What I intended to cover (contd..) ● Are there any existing real-time applications of Blockchain other than cryptocurrencies and as an upcoming developer how can I use/implement blockchain. ● If I were to start a project that requires a blockchain today, what open-source implementations are available? Hyperledger isn't here yet. How can we take up any blockchain projects without implementing a new blockchain from scratch? ● As a I am part of tech industry what are things i should know and learn. ● How is blockchain different (both advantages / disadvantages) from other distributed technologies. ● Why is mining becoming resource/power consumption overhead, what alternatives? ● What is blockchain? Technical breakdown of concept and implementation.
  • 37.
  • 38. Image sources 4 - https://pxhere.com/en/photo/796734, 5- https://commons.wikimedia.org/wiki/File:Trapdoor.jpg 6 - https://commons.wikimedia.org/wiki/File:Hash_function_long.png 7 - https://commons.wikimedia.org/wiki/File:ZFS_Merkle_Tree_2.svg 8 - https://commons.wikimedia.org/wiki/File:Public_key_encryption.svg 9 - https://commons.wikimedia.org/wiki/File:Bitcoin_Block_Data.svg 10 - https://commons.wikimedia.org/wiki/File:P2P-network.svg 12 - https://commons.wikimedia.org/wiki/File:Consensus_among_three_Wikipedians.svg 13 - https://commons.wikimedia.org/wiki/File:Auto_fuel_gauge.jpg
  • 39. Image sources (contd..) 18 - https://commons.wikimedia.org/wiki/File:Miner_Vector.svg 19 - https://commons.wikimedia.org/wiki/File:University_of_Oxford_Degree_Certificate_(Bachelor_of_Arts_by_Incorporation).jpg 20 - https://commons.wikimedia.org/wiki/File:Bukidomino.jpg 21 - https://commons.wikimedia.org/wiki/File:Binary_executable_file2.png 26 - https://commons.wikimedia.org/wiki/File:Loaded_jingle_truck_in_Afghanistan.JPG 28 - https://commons.wikimedia.org/wiki/File:Energy_waste_cans.JPG 29 - https://commons.wikimedia.org/wiki/File:Ambulance_of_the_French_Army.jpg 30 - https://commons.wikimedia.org/wiki/File:Quantum_Computing;_Ion_Trapping_(5941055642).jpg 31 - https://commons.wikimedia.org/wiki/File:Foucault_pendulum_animated.gif 32 - https://commons.wikimedia.org/wiki/File:Thank-you-word-cloud.jpg