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)

Backups

In most blockchains, each computer acting as a full participant in the network holds a complete copy of all transactions that have ever happened since the launch of the network. This means that even under catastrophic duress, as long as a fraction of the network computers remains functional, a complete backup will exist.

In PoS chains, there tends to be far fewer full participants so the number of backups and distribution is far less. So far, this reduced level of redundancy has not been an issue.

Consistency

As discussed in prior chapters, hashing and the Merkle root of all transactions and behaviors on the blockchain allow for an easy calculation of consistency. If consistency is broken on a blockchain, it will be...