Book Image

Ethereum Cookbook

By : Manoj P R
Book Image

Ethereum Cookbook

By: Manoj P R

Overview of this book

Ethereum and Blockchain will change the way software is built for business transactions. Most industries have been looking to leverage these new technologies to gain efficiencies and create new business models and opportunities. The Ethereum Cookbook covers various solutions such as setting up Ethereum, writing smart contracts, and creating tokens, among others. You’ll learn about the security vulnerabilities, along with other protocols of Ethereum. Once you have understood the basics, you’ll move on to exploring various design decisions and tips to make your application scalable and secure. In addition to this, you’ll work with various Ethereum packages such as Truffle, Web3, and Ganache. By the end of this book, you’ll have comprehensively grasped the Ethereum principles and ecosystem.
Table of Contents (13 chapters)

Accepting crypto payments for the crowdsale

Tokens from an ICO are generally purchased by sending Ether to the contract. The examples given in the current chapter use a fallback function to accept direct Ether payments. This allows anyone to send Ether to the contract address through a transaction to purchase tokens.

If the user does not have Ether, they can either purchase it from an exchange or convert other cryptocurrencies to Ether using services such as Shapeshift. Also, you can make use of BTCRelay to accept Bitcoin transactions from Ethereum.

In this recipe, you will learn various options for accepting cryptocurrency payments in your ICO.

Getting ready

You need to have a crowdsale contract set up in Ethereum...