Book Image

Blockchain Quick Reference

By : Brenn Hill, Samanyu Chopra, Paul Valencourt
Book Image

Blockchain Quick Reference

By: Brenn Hill, Samanyu Chopra, Paul Valencourt

Overview of this book

Blockchain Quick Reference takes you through the electrifying world of blockchain technology and is designed for those who want to polish their existing knowledge regarding the various pillars of the blockchain ecosystem. This book is your go-to guide, teaching you how to apply principles and ideas for making your life and business better. You will cover the architecture, Initial Coin Offerings (ICOs), tokens, smart contracts, and terminologies of the blockchain technology, before studying how they work. All you need is a curious mind to get started with blockchain technology. Once you have grasped the basics, you will explore components of Ethereum, such as ether tokens, transactions, and smart contracts, in order to build simple Dapps. You will then move on to learning why Solidity is used specifically for Ethereum-based projects, followed by exploring different types of blockchain with easy-to-follow examples. All this will help you tackle challenges and problems. By the end of this book, you will not only have solved current and future problems relating to blockchain technology but will also be able to build efficient decentralized applications.
Table of Contents (24 chapters)

Blockchain 101

Since its inception in 2008, blockchain has been a keen topic of interest for everyone in finance, technology, and other similar industries. Apart from bringing a new overview to record keeping and consensus, blockchain has enormous potential for disruption in most industries. Early adopters, enthusiasts, and now governments and organizations are exploring the uses of blockchain technology.

In this book, we will discuss the basics of financial transactions using fiat money to create our own cryptocurrency based on Ether tokens, and, in so doing, we will try to cover the majority of topics surrounding blockchain. We will be discussing Ethereum-based blockchains, Hyperledger projects, wallets, altcoins, and other exciting topics necessary to understand the functioning and potential of blockchain.

In this chapter, we will discuss the following:

  • Financial transactions
  • Financial ledger
  • P2P networks
  • General elements of a blockchain
  • Uses and benefits of blockchain
  • Various types of blockchain
  • Introducing the consensus system
  • Challenges faced by a blockchain network

Let's start by discussing each of the preceding listed topics and other important details surrounding them.