Book Image

Ethereum Projects for Beginners

Book Image

Ethereum Projects for Beginners

Overview of this book

Ethereum enables the development of efficient, smart contracts that contain code. These smart contracts can interact with other smart contracts to make decisions, store data, and send Ether to others.Ethereum Projects for Beginners provides you with a clear introduction to creating cryptocurrencies, smart contracts, and decentralized applications. As you make your way through the book, you’ll get to grips with detailed step-by-step processes to build advanced Ethereum projects. Each project will teach you enough about Ethereum to be productive right away. You will learn how tokenization works, think in a decentralized way, and build blockchain-based distributed computing systems. Towards the end of the book, you will develop interesting Ethereum projects such as creating wallets and secure data sharing.By the end of this book, you will be able to tackle blockchain challenges by implementing end-to-end projects using the full power of the Ethereum blockchain.
Table of Contents (12 chapters)
Title Page
Copyright and Credits
Packt Upsell
Contributor
Preface
Index

User identity and sensitive data on the blockchain


Let us begin by discussing the prime aspect for user identity—the parameter that is used for verification. We can do this by using a person's email address, their phone number, or even a physical address. One might wonder how we can do this. It is actually very easy to verify any of the aforementioned parameters on the blockchain.  To do this, we can use a confirmation code. The user can link this confirmation code to their Ethereum account, which in turn links it to his/her private key. As an administrator, you have to make sure that it is not you who generates this code. This would give you the power to fabricate users at will. You want your users to be real and verified people to eradicate the trustless element from your blockchain. To generate these codes, we can use Twilio or any external service provider. Twilio is used extensively for SMS verification, which encapsulates phone verification.

Let's now consider the case of dealing with...