Book Image

Hands-On Blockchain for Python Developers

By : Arjuna Sky Kok
Book Image

Hands-On Blockchain for Python Developers

By: Arjuna Sky Kok

Overview of this book

Blockchain is seen as the main technological solution that works as a public ledger for all cryptocurrency transactions. This book serves as a practical guide to developing a full-fledged decentralized application with Python to interact with the various building blocks of blockchain applications. Hands-On Blockchain for Python Developers starts by demonstrating how blockchain technology and cryptocurrency hashing works. You will understand the fundamentals and benefits of smart contracts such as censorship resistance and transaction accuracy. As you steadily progress, you'll go on to build smart contracts using Vyper, which has a similar syntax to Python. This experience will further help you unravel the other benefits of smart contracts, including reliable storage and backup, and efficiency. You'll also use to interact with smart contracts and leverage the power of both the and Populus framework to build decentralized applications that offer security and seamless integration with cryptocurrencies. As you explore later chapters, you'll learn how to create your own token on top of Ethereum and build a cryptocurrency wallet graphical user interface (GUI) that can handle Ethereum and Ethereum Request for Comments (ERC-20) tokens using the PySide2 library. This will enable users to seamlessly store, send, and receive digital money. Toward the end, you'll implement InterPlanetary File System (IPFS) technology in your decentralized application to provide a peer-to-peer filesystem that can store and expose media. By the end of this book, you'll be well-versed in blockchain programming and be able to build end-to-end decentralized applications on a range of domains using Python.
Table of Contents (19 chapters)
Free Chapter
Section 1: Blockchain and Smart Contracts
Section 2: Web3 and Populus
Section 3: Frontend Decentralized Applications
Section 4: Cryptocurrency and Wallets
Section 5: Decentralized Filesystem

The motivation behind IPFS

IPFS is not a normal filesystem, such as fat32, ntfs, or ext3. It is more similar to Dropbox. It is a cross-device filesystem. You can save a file in this filesystem and people around the world can access it as easily as if the file were on their own computer. If Ethereum can be thought of as the world's singleton operating system, IPFS can be considered as the world's singleton storage!

The slogan of the IPFS website is IPFS is the Distributed Web. IPFS tries to replace, or at least supplement, HTTP. The HTTP protocol has served us for a long time, over 20 years, but it is not considered sufficient for upcoming challenges, such as increasing bandwidth demands or redundancy of files. HTTP uses a client-server model. You can only choose one of these two roles: either to be a server or a client.

There are a couple of problems with this architecture...