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)

Alternative currency

Apart from tokens, which are built on top of existing blockchains, there are various alt currencies fueled by either having their own blockchain and/or any other improvement or differentiating factor.

Here are some of the factors that have been modified on the Altcoins, when compared to Bitcoins:

  • Monetary alternatives
  • Consensus alternatives

We will discuss each of these alternatives in detail, and then afterward we will discuss some of the widely used Altcoins and what modifications they have over Bitcoins.

Monetary alternatives

Bitcoin is limited to 21 million coins, and it has a declining issuance rate, including a 10-minute block generation time, which takes lot of confirmation time; it also takes...