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)

Sharing dividends among investors

To make the system completely run on its own, the profit should be shared among investors. Ticket sales are the source of profit in a lottery system. For each ticket sold, a percentage of the cost can go to the investor. This will increase interest in the platform.

In this recipe, you will learn how to manage the investments and dividends of a decentralized organization.

Getting ready

You need to have a working installation of Ethereum (geth, Parity, ganache, and so on) or the Remix IDE to test this recipe. The contract inherits the winnable lottery contract created in the previous recipe. It is recommended to step through it before continuing with this recipe.

The contracts given are for...