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

Setting up a local private Ethereum blockchain

In addition to the enterprise needs of a private blockchain, there are other reasons for setting up a local private Ethereum blockchain.

As we discussed in Chapter 4, Solidity Fundamentals, smart contracts are immutable and can be very costly once deployed to the Ethereum mainnet. It is always recommended to follow the best practices in coding, security, and economics, and have the code thoroughly tested before it is deployed on the Ethereum network. With a local private blockchain, it makes it easy and convenient for the developers to test smart contracts and simulate the contract's behaviors. You can even deploy smart contracts to the single instance of a local Ethereum blockchain without running a full node.

In this section, we will show you how to create multiple local nodes and configure and establish the private blockchain...