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

Decentralized microblogging


In this section, we are going to explore the design of a basic Ethereum-based microblogging platform. Using these platforms, new users can register to get a personal microblogging account, which they can you to send anonymous tweets to a decentralized Ethereum-based private blockchain, with comments disabled by default.

But why do we need a decentralized blockchain for tweeting, and more importantly why are the users anonymous? To answer this question we need to understand the administrative and security constraints of a normal centralized microblogging platform, which we discuss in the next section.

Administrative and security constraints

Popular microblogging platforms such as Twitter, Tumblr, and Weibo (the Chinese variant of microblog, dominated by Sina and Tencent) are basically centralized social network services that are prone to problems.

The problems are mainly in two separate dimensions. One is technical, another one is social. In the technical dimension...