Book Image

Learn Ethereum - Second Edition

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

Learn Ethereum - Second Edition

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

Overview of this book

Ethereum is a blockchain-based, decentralized computing platform that allows you to run smart contracts. With this book, you’ll discover the latest Ethereum tools, frameworks, wallets, and layer 2, along with setting up and running decentralized applications for the complete, end-to-end development experience. Learn Ethereum, 2nd Edition is a comprehensive overview of the Ethereum ecosystem, exploring its concepts, mechanisms, and decentralized application development process. You’ll delve into Ethereum's internals, technologies, and tools, including Ethereum 2.0 and the Ethereum Virtual Machine (EVM), gas, and its account systems. You’ll also explore Ethereum's transition to proof of stake, L1/L2 scaling solutions, DeFi protocols, and the current marketplace. Additionally, you’ll learn about EVM-compatible blockchains, connectivity techniques, and advanced topics such as sharding, off-chain scaling, DAOs, Metaverse, and NFTs. By the end of this book, you’ll be well-equipped to write smart contracts and develop, test, and deploy DApps using various tools, wallets, and frameworks.
Table of Contents (24 chapters)
1
Part 1: Blockchain and Ethereum Basics
7
Part 2:Ethereum Development Fundamentals
11
Part 3: Ethereum Development Fundamentals
15
Part 4:Production and Deployment
20
Part 5:Conclusion

Examining mining in Eth 1.0

In this section, we will explain how mining works in Ethereum. Depending on the progress of Eth2 and the merge of Eth 1 and Eth 2, sing the PoW consensus in mining might already be decommissioned by the time you read this section.

The mining process in Ethereum is largely the same as the one we discussed for Bitcoin. For each block of transactions to be added to the Ethereum blockchain and the world state to be updated, a consensus must be reached between all network nodes that the new blocks proposed by the miners, including the nonce found with the PoW, must be verified by all nodes.

However, there are quite a few notable differences between Ethereum mining and Bitcoin mining. Most of them are driven by the protocol and architectural differences in the blockchain. As we discussed earlier, Ethereum maintains both the transaction list and the world state on the blockchain. We will discuss those differences in detail here.

Mining and the consensus...