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. ...

Get Ethereum Smart Contract Development now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.