Book Image

Blockchain Developer's Guide

By : Brenn Hill, Samanyu Chopra, Paul Valencourt, Narayan Prusty
Book Image

Blockchain Developer's Guide

By: Brenn Hill, Samanyu Chopra, Paul Valencourt, Narayan Prusty

Overview of this book

Blockchain applications provide a single-shared ledger to eliminate trust issues involving multiple stakeholders. It is the main technical innovation of Bitcoin, where it serves as the public ledger for Bitcoin transactions. Blockchain Developer's Guide takes you through the electrifying world of blockchain technology. It begins with the basic design of a blockchain and elaborates concepts, such as Initial Coin Offerings (ICOs), tokens, smart contracts, and other related terminologies. You will then explore the components of Ethereum, such as Ether tokens, transactions, and smart contracts that you need to build simple DApps. Blockchain Developer's Guide also explains why you must specifically use Solidity for Ethereum-based projects and lets you explore different blockchains with easy-to-follow examples. You will learn a wide range of concepts - beginning with cryptography in cryptocurrencies and including ether security, mining, and smart contracts. You will learn how to use web sockets and various API services for Ethereum. By the end of this Learning Path, you will be able to build efficient decentralized applications. This Learning Path includes content from the following Packt products: • Blockchain Quick Reference by Brenn Hill, Samanyu Chopra, Paul Valencourt • Building Blockchain Projects by Narayan Prusty
Table of Contents (37 chapters)
Title Page
Copyright
About Packt
Contributors
Preface
Index

Building the betting contract


In our betting application, two people can choose to bet on a football match with one person supporting the home team and the other person supporting the away team. They both should bet the same amount of money, and the winner takes all the money. If the match is a draw, then they both will take back their money.

We will use the FastestLiveScores API to find out the result of matches. It provides a free API, which lets us make 100 requests per hour for free. First, go ahead and create an account and then generate an API key. To create an account, visit https://customer.fastestlivescores.com/register, and once the account is created, you will have the API key visible at https://customer.fastestlivescores.com/. You can find the API documentation at https://docs.crowdscores.com/.

For every bet between two people in our application, a betting contract will be deployed. The contract will contain the match ID retrieved from the FastestLiveScores API, the amount of wei...