February 2018
Intermediate to advanced
288 pages
6h 58m
English
Content preview from Ethereum Smart Contract Development
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
Start your free trial
Summary
We started this chapter with an understanding of the Ethereum platform as a way to achieve a decentralized economy. We explored the meaning of decentralization over political, logical, and architectural axes. Ethereum was found to be centralized about the logical axis. We dived deep into the web 3.0 technological stack of Ethereum and saw how swarm stores data, how whisper communicates, and how EVM interacts with blockchain, using smart contracts and a stack-based machine code. We identified that loops are a good rule-of-thumb for a language being Turing complete. We saw how gas is the magic sauce to curb performance related problems on Ethereum and how we need ether to top up our gas limit to run smart contract codes on the blockchain. ...