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)

Usability

Current blockchain systems are relatively difficult to use in comparison to other systems. For instance, the use of any Ethereum-based DApp requires either the installation of a special browser or the MetaMask plugin for Chrome, or the purchase and transfer of Ethereum on one of the public markets and then learning the interface of the desired application. Each action taken requires the expenditure of Ethereum, the exact amount not necessarily known in advance and varying depending on network load.

Once set up, sending a value via a blockchain-based system is relatively easy, but prone to mistakes in the addresses. It is not easy for a human to know whether they are sending the value to 0x36F9050bb22d0D0d1BE34df787D476577563C4fC or 0xF973EE1Bcc92d924Af3Fc4f2ce4616C73b58e5Cc. Indeed, ICOs have been hacked by attackers gaining access to the ICO main website and simply...