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

Setting up a development environment


The first task is to set up a development environment. The upcoming section introduces the ethereum setup for Test Net and Private Net. Test Net is called Ropsten and is used by developers or users as a test platform to test smart contracts and other blockchain-related proposals. The Private Net option in Ethereum allows the creation of an independent private network that can be used as a distributed ledger between participating entities and for the development and testing of smart contracts. While there are other clients available for Ethereum, such as Parity, which was discussed in the previous chapter, geth is the leading client for Ethereum and the common tool of choice, as such this chapter will use geth in the examples.

Test Net (Ropsten)

The Ethereum Go client, geth, can be connected to the test network using the following command:

$ geth --TestNet

A sample output is shown in the following screenshot. The screenshot shows the type of the network...