Book Image

Mastering Blockchain - Third Edition

By : Imran Bashir
Book Image

Mastering Blockchain - Third Edition

By: Imran Bashir

Overview of this book

Blockchain is the backbone of cryptocurrencies, with applications in finance, government, media, and other industries. With a legacy of providing technologists with executable insights, this new edition of Mastering Blockchain is thoroughly revised and updated to the latest blockchain research with four new chapters on consensus algorithms, Serenity (the update that will introduce Ethereum 2.0), tokenization, and enterprise blockchains. This book covers the basics, including blockchain’s technical underpinnings, cryptography and consensus protocols. It also provides you with expert knowledge on decentralization, decentralized application development on Ethereum, Bitcoin, alternative coins, smart contracts, alternative blockchains, and Hyperledger. Further, you will explore blockchain solutions beyond cryptocurrencies such as the Internet of Things with blockchain, enterprise blockchains, tokenization using blockchain, and consider the future scope of this fascinating and disruptive technology. By the end of this book, you will have gained a thorough comprehension of the various facets of blockchain and understand their potential in diverse real-world scenarios.
Table of Contents (24 chapters)

Starting up the private network

First, let's start up our private network and prepare it for use. The first step is to create a directory named etherprivate under the home directory of the user.

$ mkdir ~/etherprivate

This command will create the directory. Once the directory is created, place the privategenesis.json file shown earlier in The genesis file section. At this point, stored under the home directory of the user, we have a directory named ~/etherprivate, which contains the genesis file called privategenesis.json. We are ready to start our network. The initial command to start the private network is shown as follows:

$ geth init ~/etherprivate/privategenesis.json --datadir ~/etherprivate

This will produce an output similar to what is shown in the following screenshot:

Figure 13.3: Private network initialization

This output indicates that a genesis block has been created successfully. In order for geth to start, the following command can...