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Blockchain Quick Reference

You're reading from  Blockchain Quick Reference

Product type Book
Published in Aug 2018
Publisher Packt
ISBN-13 9781788995788
Pages 350 pages
Edition 1st Edition
Languages
Concepts
Authors (4):
Mariko Amekodommo Mariko Amekodommo
Brenn Hill Brenn Hill
Profile icon Brenn Hill
Samanyu Chopra Samanyu Chopra
Profile icon Samanyu Chopra
Paul Valencourt Paul Valencourt
Profile icon Paul Valencourt
View More author details

Table of Contents (24) Chapters

Preface 1. Blockchain 101 2. Components and Structure of Blockchain 3. Decentralization Versus Distributed Systems 4. Cryptography and Mechanics Behind Blockchain 5. Bitcoin 6. Altcoins 7. Achieving Consensus 8. Advanced Blockchain Concepts 9. Cryptocurrency Wallets 10. Alternate Blockchains 11. Hyperledger and Enterprise Blockchains 12. Ethereum 101 13. Solidity 101 14. Smart Contracts 15. Ethereum Development 16. Ethereum Accounts and Ether Tokens 17. Decentralized Applications 18. Mining 19. ICO 101 20. Creating Your Own Currency 21. Scalability and Other Challenges 22. Future of Blockchain 23. Other Books You May Enjoy

Ether

Ether is the main cryptocurrency associated with the Ethereum blockchain; each of the contract accounts can create their own currency, but Ether is used within the Ethereum blockchain to pay for the execution of the contracts on the EVM. Ether is used for purchasing gas, and the smallest unit of Ether is used as the unit of gas.

Since Wei is the smallest unit of Wei, here is a table, listing the denominations and the name commonly used for them, along with the associated value:

Procuring ether

There are various ways by which Ether can be procured for trading, building smart contracts, or decentralized applications:

  • Mining of Ethers, by either joining a mining pool or doing solo mining
  • Trade using a crypto exchange...
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