Distributed Ledger: Putting the Wealth and Faith in a Mathematical Framework, Free of Politics and Human Error

By Fouad Sabry

What Is Distributed Ledger

A distributed ledger is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies, accessible by multiple people. It allows transactions to have public "witnesses." The participant at each node of the network can access the recordings shared across that network and can own an identical copy of it. Any changes, or additions, made to the ledger, are reflected, and copied to all participants in a matter of seconds or minutes.

Blockchain is using the underlying technology of distributed ledgers. Bitcoin is using the underlying technology of Blockchain. Blockchain is a type of distributed ledger used by bitcoin.

Blockchain is the latest buzz words in the market. Bitcoin is great, but the potential of the underlying technology is immense. Something that started as an evolution is soon going to cause a revolution. Investors are cashing in huge amount because they understand the fortune of this ingenious technology is very bright. Industry experts and tech enthusiasts are producing blockchain-based products every next day. So, wait not, and get industry-ready with this book which will describe distributed ledger in depth.

How You Will Benefit

(I) Insights, and validations about the following topics:

Chapter 1: Distributed Ledger
Chapter 2: Hyperledger
Chapter 3: Confidential Consortium Framework
Chapter 4: Eventual Consistency
Chapter 5: ACID
Chapter 6: CAP Theorem
Chapter 7: Concurrency Control
Chapter 8: Jakarta Transactions
Chapter 9: Transactional NTFS
Chapter 10: Two Phase Commit Protocol
Chapter 11: CRUD
Chapter 12: OSI Model

(II) Answering the public top questions about distributed ledger.
(III) Real world examples for the usage of distributed ledger in many fields.
(IV) 17 appendices to explain, briefly, 266 emerging technology in each industry to have 360-degree full understanding of distributed ledger' technologies.

Who This Book Is For

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of distributed ledger.

• Language: English
• Publisher: One Billion Knowledgeable
• Release date: Nov 26, 2021

Book preview

Distributed Ledger

Other Books by The Author

1 – Smart Machines

2 – Brain Computer Interface

3 – Swarm Intelligence

4 – Autonomous Vehicles

5 – Autonomous Drones

6 – Autonomous Robotics

7 – Autonomous Weapons

8 – Agricultural Robotics

9 – Closed Ecological Systems

10 – Cultured Meat

11 – Vertical Farming

12 – Plasma Propulsion

13 – Pulse Detonation Engine

14 – Arcology

15 – 4D Printing

16 – Domed City

17 – Distributed Ledger

Series by The Author

Emerging Technologies in Information Technology

1 – Smart Machines

Emerging Technologies in Neuroscience

1 – Brain Computer Interface

Emerging Technologies in Robotics

1 – Swarm Intelligence

Emerging Technologies in Autonomous Things

1 – Autonomous Vehicles

2 – Autonomous Drones

3 – Autonomous Robotics

4 – Autonomous Weapons

Emerging Technologies in Agriculture

1 – Agricultural Robotics

2 – Closed Ecological Systems

3 – Cultured Meat

4 – Vertical Farming

Emerging Technologies in Space

1 – Plasma Propulsion

2 – Pulse Detonation Engine

Emerging Technologies in Construction

1 – Arcology

2 – 4D Printing

3 – Domed City

Emerging Technologies in Finance

1 – Distributed Ledger

One Billion Knowledgeable

Distributed Ledger

Putting the Wealth and Faith in a Mathematical Framework, Free of Politics and Human Error

Fouad Sabry

Copyright

Distributed Ledger Copyright © 2021 by Fouad Sabry. All Rights Reserved.

All rights reserved. No part of this book may be reproduced in any form or by any electronic or mechanical means including information storage and retrieval systems, without permission in writing from the author. The only exception is by a reviewer, who may quote short excerpts in a review.

Cover designed by Fouad Sabry.

This book is a work of fiction. Names, characters, places, and incidents either are products of the author’s imagination or are used fictitiously. Any resemblance to actual persons, living or dead, events, or locales is entirely coincidental.

Bonus

You can send an email to [e-mail] with the subject line Distributed Ledger: Putting the Wealth and Faith in a Mathematical Framework, Free of Politics and Human Error, and you will receive an email which contains the first few chapters of this book.

Fouad Sabry

Visit 1BK website at

www.1BKOfficial.org

Preface

Why did I write this book?

The story of writing this book started on 1989, when I was a student in the Secondary School of Advanced Students.

It is remarkably like the STEM (Science, Technology, Engineering, and Mathematics) Schools, which are now available in many advanced countries.

STEM is a curriculum based on the idea of educating students in four specific disciplines — science, technology, engineering, and mathematics — in an interdisciplinary and applied approach. This term is typically used to address an education policy or a curriculum choice in schools. It has implications for workforce development, national security concerns and immigration policy.

There was a weekly class in the library, where each student is free to choose any book and read for 1 hour. The objective of the class is to encourage the students to read subjects other than the educational curriculum.

In the library, while I was looking at the books on the shelves, I noticed huge books, total of 5,000 pages in 5 parts. The books name is The Encyclopedia of Technology, which describes everything around us, from absolute zero to semiconductors, almost every technology, at that time, was explained with colorful illustrations and simple words. I started to read the encyclopedia, and of course, I was not able to finish it in the 1-hour weekly class.

So, I convinced my father to buy the encyclopedia. My father bought all the technology tools for me in the beginning of my life, the first computer and the first technology encyclopedia, and both have a great impact on myself and my career.

I have finished the entire encyclopedia in the same summer vacation of this year, and then I started to see how the universe works and to how to apply that knowledge to everyday problems.

My passion to the technology started mor than 30 years ago and still the journey goes on.

This book is part of The Encyclopedia of Emerging Technologies which is my attempt to give the readers the same amazing experience I had when I was in high school, but instead of 20th century technologies, I am more interested in the 21st century emerging technologies, applications, and industry solutions.

The Encyclopedia of Emerging Technologies will consist of 365 books, each book will be focused on one single emerging technology. You can read the list of emerging technologies and their categorization by industry in the part of Coming Soon, at the end of the book.

365 books to give the readers the chance to increase their knowledge on one single emerging technology every day within the course of one year period.

Introduction

How did I write this book?

In every book of The Encyclopedia of Emerging Technologies, I am trying to get instant, raw search insights, direct from the minds of the people, trying to answer their questions about the emerging technology.

There are 3 billion Google searches every day, and 20% of those have never been seen before. They are like a direct line to the people thoughts.

Sometimes that’s ‘How do I remove paper jam’. Other times, it is the wrenching fears and secret hankerings they would only ever dare share with Google.

In my pursuit to discover an untapped goldmine of content ideas about Distributed Ledger, I use many tools to listen into autocomplete data from search engines like Google, then quickly cranks out every useful phrase and question, the people are asking around the keyword Distributed Ledger.

It is a goldmine of people insight, I can use to create fresh, ultra-useful content, products and services. The kind people, like you, really want.

People searches are the most important dataset ever collected on the human psyche. Therefore, this book is a live product, and constantly updated by more and more answers for new questions about Distributed Ledger, asked by people, just like you and me, wondering about this new emerging technology and would like to know more about it.

The approach for writing this book is to get a deeper level of understanding of how people search around Distributed Ledger, revealing questions and queries which I would not necessarily think off the top of my head, and answering these questions in super easy and digestible words, and to navigate the book around in a straightforward way.

So, when it comes to writing this book, I have ensured that it is as optimized and targeted as possible. This book purpose is helping the people to further understand and grow their knowledge about Distributed Ledger. I am trying to answer people’s questions as closely as possible and showing a lot more.

It is a fantastic, and beautiful way to explore questions and problems that the peoples have and answer them directly, and add insight, validation, and creativity to the content of the book – even pitches and proposals. The book uncovers rich, less crowded, and sometimes surprising areas of research demand I would not otherwise reach. There is no doubt that, it is expected to increase the knowledge of the potential readers’ minds, after reading the book using this approach.

I have applied a unique approach to make the content of this book always fresh. This approach depends on listening to the people minds, by using the search listening tools. This approach helped me to:

Meet the readers exactly where they are, so I can create relevant content that strikes a chord and drives more understanding to the topic.

Keep my finger firmly on the pulse, so I can get updates when people talk about this emerging technology in new ways, and monitor trends over time.

Uncover hidden treasures of questions need answers about the emerging technology to discover unexpected insights and hidden niches that boost the relevancy of the content and give it a winning edge.

Stop wasting time on gutfeel and guesswork about the content wanted by the readers and fill the book content with what the people need and say goodbye to the endless content ideas based on speculations.

Make solid decisions, and take fewer risks,