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)

Miner types

There are two types of miners these days—classified on the basis of procuring the hardware themselves, or on purchasing the hashing power online.

Cloud mining

In this type of mining, the miners do not own the hardware, and instead they purchase hashing power remotely from other miners. Cloud mining has various pros over mining by procuring one's own hardware, such as low cost of entry, and minimal risks. For people who want to invest in cryptocurrency but do not want to purchase from an exchange or have enough technical knowledge, this is the best possible option for them. Now, there are various organizations that have large data centers at various places with GPU-, ASIC-, and FPGA-based miners available...