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)

Ether

Ether is the main cryptocurrency associated with the Ethereum blockchain; each of the contract accounts can create their own currency, but Ether is used within the Ethereum blockchain to pay for the execution of the contracts on the EVM. Ether is used for purchasing gas, and the smallest unit of Ether is used as the unit of gas.

Since Wei is the smallest unit of Wei, here is a table, listing the denominations and the name commonly used for them, along with the associated value:

Procuring ether

There are various ways by which Ether can be procured for trading, building smart contracts, or decentralized applications:

  • Mining of Ethers, by either joining a mining pool or doing solo mining
  • Trade using a crypto exchange...