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Ethereum Smart Contract Development

You're reading from Ethereum Smart Contract Development

Product type Book

Published in Feb 2018

Publisher Packt

ISBN-13 9781788473040

Pages 288 pages

Edition 1st Edition

Languages

Concepts

Author (1):

Mayukh Mukhopadhyay

Table of Contents (18) Chapters

Title Page

Dedication

Packt Upsell

Contributors

Preface

1. Blockchain Basics

2. Grokking Ethereum

3. Hello World of Smart Contracts

4. A Noob's Guide to DApps and DAO

5. Deep-Diving into Smart Contracts

6. Solidity in Depth

7. Primer on Web3.js

8. Developing a Cryptocurrency from Scratch

9. Enterprise Use Cases

10. BaaS and the Dark Web Market

11. Advanced Topics and the Road Ahead

1. Other Books You May Enjoy

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Index

Token versus coin

The title of this chapter is misleading. It has been made misleading on purpose. This has been chosen to make you realize the subtle difference between a cryptocurrency and a token in the perspective of Ethereum. When you explore the web to gain knowledge about cryptocurrency, you will observe that the terms cryptocurrency, coins, and tokens are often used interchangeably.

Figure 8.1 represents a classification that brings out the subtle differences between them:

Figure 8.1: Token versus coin

In simple words, the following four points summarize the difference between coins and tokens:

Coins are separate currencies on their own blockchain, while tokens are mainly based on a single blockchain variant.
Coins generally have a limited functionality, store-of-value, while tokens can store a complex, multi-faceted level of values.
Coins are mostly generated by mining a blockchain, while tokens are generated by executing smart contracts on the blockchain.
So, when we say cryptocurrency...

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Authors (1)

Mayukh Mukhopadhyay

Mayukh Mukhopadhyay started his career as a BI developer. After the 2008-09 financial crisis, he was at Tata Consultancy Services for one of their Fortune 500 clients in the telecom sector. Holding a master's in software engineering from Jadavpur University, he is presently working as a data insight developer, where he focuses on applying data science and machine learning to raw telecom equipment logs to generate business insights. He has a varied list of academic interests, ranging from audio signal processing, structural bioinformatics, and bio-inspired algorithms to consciousness engineering. Apart from being an Oracle Certified Specialist, he is a Certified Bitcoin Professional, recognized by C4 (Crypto Currency Certification Consortium). He tries to apply blockchain as a technology to different business domains.

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