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Building Blockchain Projects

You're reading from  Building Blockchain Projects

Product type Book
Published in Apr 2017
Publisher Packt
ISBN-13 9781787122147
Pages 266 pages
Edition 1st Edition
Languages
Author (1):
Narayan Prusty Narayan Prusty
Profile icon Narayan Prusty

Table of Contents (16) Chapters

Title Page
Credits
About the Author
About the Reviewers
www.PacktPub.com
Customer Feedback
Preface
1. Understanding Decentralized Applications 2. Understanding How Ethereum Works 3. Writing Smart Contracts 4. Getting Started with web3.js 5. Building a Wallet Service 6. Building a Smart Contract Deployment Platform 7. Building a Betting App 8. Building Enterprise Level Smart Contracts 9. Building a Consortium Blockchain

Consensus


Every node in the Ethereum network holds a copy of the blockchain. We need to make sure that nodes cannot tamper with the blockchain, and we also need a mechanism to check whether a block is valid or not. And also, if we encounter two different valid blockchains, we need to have a way to find out which one to choose.

Ethereum uses the proof-of-work consensus protocol to keep the blockchain tamper-proof. A proof-of-work system involves solving a complex puzzle to create a new block. Solving the puzzle should require a significant amount of computational power thereby making it difficult to create blocks. The process of creating blocks in the proof-of-work system is called mining. Miners are the nodes in the network that mine blocks. All the DApps that use proof-of-work do not implement exactly the same set of algorithms. They may differ in terms of what the puzzle miners need to solve, how difficult the puzzle is, how much time it takes to solve it, and so on. We will learn about...

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