Book Image

Mastering Blockchain

Book Image

Mastering Blockchain

Overview of this book

Blockchain is a distributed database that enables permanent, transparent, and secure storage of data. The blockchain technology is the backbone of cryptocurrency – in fact, it’s the shared public ledger upon which the entire Bitcoin network relies – and it’s gaining popularity with people who work in finance, government, and the arts. Blockhchain technology uses cryptography to keep data secure. This book gives a detailed description of this leading technology and its implementation in the real world. This book begins with the technical foundations of blockchain, teaching you the fundamentals of cryptography and how it keeps data secure. You will learn about the mechanisms behind cryptocurrencies and how to develop applications using Ethereum, a decentralized virtual machine. You will explore different blockchain solutions and get an exclusive preview into Hyperledger, an upcoming blockchain solution from IBM and the Linux Foundation. You will also be shown how to implement blockchain beyond currencies, scability with blockchain, and the future scope of this fascinating and powerful technology.
Table of Contents (20 chapters)
Mastering Blockchain
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface

Trading and investment


Ether is available at various exchanges for buying and selling. The current market cap of Ethereum is £680,277,967 at the time of writing this, and an Ether is worth £7.89. Recently, the price has been very volatile and has dropped down significantly due to recent Ethereum attacks and subsequent forks on the Ethereum network.

The following chart shows the historical market capitalization details:

Ether historical market capitalization (source Etherscan.io)

Ether can either be purchased on various exchanges, or it can be mined. There are online services available, such as shapeshift.io, that allow conversion from one currency to another.

Various online exchanges, such as kraken, coinbase, and many more, offer ether to be purchased for fiat currency using credit cards or another virtual currency, such as bitcoin.