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)

Acquiring cryptocurrency

There are various ways in which Altcoins or Bitcoins can be obtained; if the coin supports mining, primarily the coins that work on PoW algorithms fall into this category, those coins can be obtained by a mining process. Coins such as Bitcoin, Litecoin, Ether, Bitcoin Cash, Monero, and others support mining. As discussed earlier, there are various exchanges where cryptocurrencies are exchanged, for fiat currency, or even other cryptocurrency; this is another widely used method.

Mining of cryptocurrency

Mining is a process by which new blocks are added to the blockchain. Transactions are validated by the mining process by mining nodes and kept in the blocks, then these blocks are added to the blockchain...