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

hooked-web3-provider and ethereumjs-tx libraries


Until now, all the examples of Web3.js library's sendTransaction() method we saw were using the from address that's present in the Ethereum node; therefore, the Ethereum node was able to sign the transactions before broadcasting. But if you have the private key of a wallet stored somewhere else, then geth cannot find it. Therefore, in this case, you will need to use the web3.eth.sendRawTransaction() method to broadcast transactions.

web3.eth.sendRawTransaction() is used to broadcast raw transactions, that is, you will have to write code to create and sign raw transactions. The Ethereum node will directly broadcast it without doing anything else to the transaction. But writing code to broadcast transactions using web3.eth.sendRawTransaction() is difficult because it requires generating the data part, creating raw transactions, and also signing the transactions.

The Hooked-Web3-Provider library provides us with a custom provider, which communicates...