Book Image

Mastering Ethereum

By : Merunas Grincalaitis
Book Image

Mastering Ethereum

By: Merunas Grincalaitis

Overview of this book

Ethereum is one of the commonly used platforms for building blockchain applications. It's a decentralized platform for applications that can run exactly as programmed without being affected by fraud, censorship, or third-party interference. This book will give you a deep understanding of how blockchain works so that you can discover the entire ecosystem, core components, and its implementations. You will get started by understanding how to configure and work with various Ethereum protocols for developing dApps. Next, you will learn to code and create powerful smart contracts that scale with Solidity and Vyper. You will then explore the building blocks of the dApps architecture, and gain insights on how to create your own dApp through a variety of real-world examples. The book will even guide you on how to deploy your dApps on multiple Ethereum instances with the required best practices and techniques. The next few chapters will delve into advanced topics such as, building advanced smart contracts and multi-page frontends using Ethereum blockchain. You will also focus on implementing machine learning techniques to build decentralized autonomous applications, in addition to covering several use cases across a variety of domains such as, social media and e-commerce. By the end of this book, you will have the expertise you need to build decentralized autonomous applications confidently.
Table of Contents (17 chapters)
Free Chapter
1
Section 1: Blockchain - Ethereum Refresher
5
Section 2: Decentralized Application Development Workflow
12
Section 3: Ethereum Implementations

Building your own Oracles

Oracles are external applications that help your smart contract receive information from the outer world to perform some functions outside of what's possible inside Solidity or Vyper. How they work is simple: you create a centralized server that calls specific functions of your smart contract when needed.

They are used to generate random numbers, to provide live price data, and to show information from websites. As you know, smart contracts can't generate random numbers because there can't be any uncertainty regarding being able to avoid unexpected situations in the blockchain.

In this section, you'll learn how to create an Oracle to generate a random number between 1 and 100 for a game on the blockchain. There are already oracles doing these tasks, namely Oraclize, which has been used for a long time with Solidity.

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