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Blockchain Development with Hyperledger
book

Blockchain Development with Hyperledger

by Salman A. Baset, Luc Desrosiers, Nitin Gaur, Petr Novotny
March 2019
Intermediate to advanced
636 pages
27h 50m
English
Packt Publishing
Content preview from Blockchain Development with Hyperledger

Ethereum basic concepts

Ethereum builds on top of the Bitcoin blockchain, including key features such as a distributed ledger containing chained blocks, the proof-of-work algorithm, and so on. However, its biggest addition is the introduction of smart contracts, which are coded in a Turing-complete scripting language. Because of this new addition, unlike Bitcoin or its non-smart contract close relatives, Ethereum allows developers to address generic business problems.

Before getting to the basic concepts, we summarize some useful facts on Ethereum as follows:

  • Ethereum has three main ingredients:
    • Decentralization: For guaranteed execution
    •  Hashes: For safeguarding the world state
    •  Signatures: For authorizing programs and transactions
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Publisher Resources

ISBN: 9781838649982