Book Image

Ethereum Smart Contract Development

By : Mayukh Mukhopadhyay
Book Image

Ethereum Smart Contract Development

By: Mayukh Mukhopadhyay

Overview of this book

Ethereum is a public, blockchain-based distributed computing platform featuring smart contract functionality. This book is your one-stop guide to blockchain and Ethereum smart contract development. We start by introducing you to the basics of blockchain. You'll learn about hash functions, Merkle trees, forking, mining, and much more. Then you'll learn about Ethereum and smart contracts, and we'll cover Ethereum virtual machine (EVM) in detail. Next, you'll get acquainted with DApps and DAOs and see how they work. We'll also delve into the mechanisms of advanced smart contracts, taking a practical approach. You'll also learn how to develop your own cryptocurrency from scratch in order to understand the business behind ICO. Further on, you'll get to know the key concepts of the Solidity programming language, enabling you to build decentralized blockchain-based applications. We'll also look at enterprise use cases, where you'll build a decentralized microblogging site. At the end of this book, we discuss blockchain-as-a-service, the dark web marketplace, and various advanced topics so you can get well versed with the blockchain principles and ecosystem.
Table of Contents (18 chapters)
Title Page
Dedication
Packt Upsell
Contributors
Preface
Index

Chapter 2. Grokking Ethereum

In this chapter, we will try to understand Ethereum. We will study what decentralization means and whether Ethereum is truly decentralized. We will also cover its core technological stack and get familiar with various jargon such as mist, Ethereum Virtual Machine (EVM), swarm, whisper, ether, and gas. We will briefly discuss solidity and the notion of a Turing complete language. We'll then revisit forking, mining, and block architecture from the perspective of Ethereum. We'll end this chapter by getting an understanding of Ethereum wallets and client interfaces, which will serve as a firm base for smart contract development.

After studying this chapter, you will be able to:

  • Understand the concept of Ethereum
  • Appreciate the notion of decentralization
  • Be familiar with Ethereum related jargon
  • Know about solidity and Turing complete languages
  • Comprehend Ethereum mining, forking, and block architecture
  • Recognize various Ethereum wallets and client interfaces