Reader small image

You're reading from  Foundations of Blockchain

Product typeBook
Published inJan 2019
PublisherPackt
ISBN-139781789139396
Edition1st Edition
Concepts
Right arrow
Author (1)
Koshik Raj
Koshik Raj
author image
Koshik Raj

Koshik Raj is an information security enthusiast who holds a master's degree in computer science and information security. He has a background of working with RSA, a network security company. He has also worked as a senior developer in CoWrks, Bengaluru. Koshik has been studying blockchain technology since he was introduced to Bitcoin while pursuing his master's. He is currently advising an educational start-up looking to implement blockchain technology in the education space. He is also setting up a blockchain incubation center for students and researchers in Bengaluru to aid mentorship and networking, and even the launching and marketing of their ideas.
Read more about Koshik Raj

Right arrow

A simple cryptocurrency application

Creating a cryptocurrency application will allow us to implement all the blockchain concepts we've looked at so far, along with the transaction structure used in Bitcoin, and we can then deploy it in a fully P2P network. We created a blockchain application in a decentralized P2P network in Chapter 4, Networking in Blockchain. We will be using the same application to create and propagate the blocks in the network, but also extend the application with the concepts of transactions and wallets to create a completely decentralized cryptocurrency:

Figure 5.5: A flow diagram connecting all the components of the application

Figure 5.5 shows how the cryptocurrency application can be extended by adding wallet and transaction functionality. We will walk through the implementation of each component in order to understand its functionality.

...
lock icon
The rest of the page is locked
Previous PageNext Page
You have been reading a chapter from
Foundations of Blockchain
Published in: Jan 2019Publisher: PacktISBN-13: 9781789139396

Author (1)

author image
Koshik Raj

Koshik Raj is an information security enthusiast who holds a master's degree in computer science and information security. He has a background of working with RSA, a network security company. He has also worked as a senior developer in CoWrks, Bengaluru. Koshik has been studying blockchain technology since he was introduced to Bitcoin while pursuing his master's. He is currently advising an educational start-up looking to implement blockchain technology in the education space. He is also setting up a blockchain incubation center for students and researchers in Bengaluru to aid mentorship and networking, and even the launching and marketing of their ideas.
Read more about Koshik Raj