Book Image

Advanced Blockchain Development

By : Imran Bashir, Narayan Prusty
Book Image

Advanced Blockchain Development

By: Imran Bashir, Narayan Prusty

Overview of this book

Blockchain technology is a distributed ledger with applications in industries such as finance, government, and media. This Learning Path is your guide to building blockchain networks using Ethereum, JavaScript, and Solidity. You will get started by understanding the technical foundations of blockchain technology, including distributed systems, cryptography and how this digital ledger keeps data secure. Further into the chapters, you’ll gain insights into developing applications using Ethereum and Hyperledger. As you build on your knowledge of Ether security, mining, smart contracts, and Solidity, you’ll learn how to create robust and secure applications that run exactly as programmed without being affected by fraud, censorship, or third-party interference. Toward the concluding chapters, you’ll explore how blockchain solutions can be implemented in applications such as IoT apps, in addition to its use in currencies. This Learning Path also highlights how you can increase blockchain scalability, and discusses the future scope of this fascinating and powerful technology. By the end of this Learning Path, you'll be equipped with the skills you need to tackle pain points encountered in the blockchain life cycle and confidently design and deploy decentralized applications.
Table of Contents (25 chapters)
Title Page
Copyright and Credits
About Packt
Contributors
Preface
15
Blockchain - Outside of Currencies
16
Scalability and Other Challenges
Index

Building the betting contract


In our betting application, two people can choose to bet on a football match with one person supporting the home team and the other person supporting the away team. They both should bet the same amount of money, and the winner takes all the money. If the match is a draw, then they both will take back their money.

We will use the FastestLiveScores API to find out the result of matches. It provides a free API, which lets us make 100 requests per hour for free. First, go ahead and create an account and then generate an API key. To create an account, visit https://customer.fastestlivescores.com/register, and once the account is created, you will have the API key visible at https://customer.fastestlivescores.com/. You can find the API documentation at https://docs.crowdscores.com/.

For every bet between two people in our application, a betting contract will be deployed. The contract will contain the match ID retrieved from the FastestLiveScores API, the amount of wei...