Book Image

Ethereum Cookbook

By : Manoj P R
Book Image

Ethereum Cookbook

By: Manoj P R

Overview of this book

Ethereum and Blockchain will change the way software is built for business transactions. Most industries have been looking to leverage these new technologies to gain efficiencies and create new business models and opportunities. The Ethereum Cookbook covers various solutions such as setting up Ethereum, writing smart contracts, and creating tokens, among others. You’ll learn about the security vulnerabilities, along with other protocols of Ethereum. Once you have understood the basics, you’ll move on to exploring various design decisions and tips to make your application scalable and secure. In addition to this, you’ll work with various Ethereum packages such as Truffle, Web3, and Ganache. By the end of this book, you’ll have comprehensively grasped the Ethereum principles and ecosystem.
Table of Contents (13 chapters)

Creating a non-fungible token

Non-fungible is something of such a nature that one part or quantity cannot be replaced by another equal part or quantity in paying a debt or settling an account. The Ethereum community defines ERC-721 as the standard for creating and managing non-fungible tokens or Non-fungible tokens (NFTs). These tokens can be used to represent a physical or virtual asset. Some examples are land, artwork, and virtual collectables. NFTs are also suitable to represent assets such as loans that have negative values. ERC-721 is inspired by ERC-20 and adds additional features to make each token unique. In this recipe, you will learn the basics of creating such assets.

Getting ready

You need to have a working installation...