Book Image

Learn Ethereum

By : Xun (Brian) Wu, Zhihong Zou, Dongying Song
Book Image

Learn Ethereum

By: Xun (Brian) Wu, Zhihong Zou, Dongying Song

Overview of this book

Ethereum is a blockchain-based, decentralized computing platform that allows running smart contracts. This book provides a basic overview of how Ethereum works, its ecosystem, mining process, and the consensus mechanism. It also demonstrates a step-by-step approach for building decentralized applications. This book begins with the very basics of Blockchain technology. Then it dives deep into the Ethereum architecture, framework and tools in its ecosystem. It also provides you an overview of ongoing research on Ethereum, for example, Layer 1 and 2 scaling solution, Stablecoin, ICO/STO/IEO, etc. Next, it explains Solidity language in detail, and provides step-by-step instructions for designing, developing, testing, deploying, and monitoring decentralized applications. In addition, you’ll learn how to use Truffle, Remix, Infura, Metamask, and many other Ethereum technologies. It’ll also help you develop your own cryptocurrency by creating ERC20, and ERC721 smart contracts from scratch. Finally, we explain private blockchains, and you learn how to interact with smart contracts through wallets.
Table of Contents (19 chapters)
Free Chapter
1
Section 1: Blockchain and Ethereum Basics
5
Section 2: Blockchain Development Cycle
8
Section 3: Ethereum Implementations
12
Section 4: Production and Deployment
16
Section 5: Conclusion

Creating an Ethereum Private Chain

In this chapter, we will move our focus to Ethereum private chains. For developers, private blockchains are set up for testing purposes. Private chains have advantages over public blockchains in testing. For example, there is no need for nodes syncing or obtaining test ether, as you are the only user, and there are no other smart contracts. But the disadvantage is that the testing won't be as good as real scenarios in a public blockchain, in the absence of other nodes, users, and contracts.

As blockchain technology has matured, enterprises have started to adopt the technology for their own use cases. It's important for you to understand not only the public blockchains but also the private and permissioned ones. Developers should know how to set up their own blockchains.

We will have a look at the difference between public and private...