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)

Mining

In the previous chapters, we discussed the Proof of Work (PoW) consensus system and the importance of mining. We also discussed Bitcoin and other Altcoins, and how miners play an important role in PoW-based coins.

In this chapter, we will discuss mining in depth, and the need for mining in PoW-based coins and tokens. Then, we will discuss mining pools and how they brought a revolution to the mining ecosystem. Further, we will go ahead with learning how to start mining using the various miners that are available. We will learn in depth about CPU and GPU mining, along with researching about setting up a mining rig and the concept of dual mining. Finally, we will study each of the PoW algorithms available for mining, and discuss those best chosen based on hardware resources available.

In this chapter, we will cover the following topics:

  • The mining process and its stages
  • Mining...