Book Image

Blockchain Quick Reference

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

Blockchain Quick Reference

By: Mariko Amekodommo, 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)

Tendermint

Tendermint provides a secure and consistent state machine replication functionality. Its main task is to develop a secure and high-performance, easily replicable state machine. It is Byzantine Fault Tolerant, that is, even if one in three of the machines fail, Tendermint will keep on working.

The two prime components of Tendermint are as follows:

  • The Tendermint Core: The Tendermint Core enables secure replication of transactions on each node present in the network. It is a consensus engine.
  • The Tendermint Socket Protocol (TMSP): TMSP is an application interface protocol that allows interfacing with any programming language and helps to process transactions.

The Tendermint consensus algorithm is a round-based mechanism where validator nodes initiate new blocks in each round being done. A locking mechanism is used to ensure protection against a scenario when two different...