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

Tangle beyond blockchain


We have devoted the entire book to blockchain-based smart contract development. But there is another ecosystem of cryptocurrencies that are not based on blockchains. These are based on direct acyclic graphs or DAGs. Such systems are called graph-based, distributed ledger technology. Some noteworthy DAG-based DLTs are DagCoin, Byteball, Hashgraph, and Tangle.

DagCoin was the first DAG-based DLT launched in 2012 by Sergio Demian Lerner, pioneer of blockchain-free cryptocurrencies. That was closely followed by Byteball by Anton Churyumov. Hashgraph is currently a private DLT based on DAG, invented by Leemon Baird. Tangle technology was introduced as a whitepaper by Sergey Popov on April 3, 2016. The cryptocurrency on Tangle aims at supporting transactions between Internet-of-Things (IoT) appliances, hence aptly named Iota.

In the following sections, we will explore the shortcoming of a traditional blockchain, the technology behind Tangle, a GitHub analysis of Iota, and...