February 2018
Intermediate to advanced
288 pages
6h 58m
English
Content preview from Ethereum Smart Contract Development
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Public blockchains
Public blockchains are based on state-of-the-art consensus algorithms, are open source, permissionless, and provide incentives to transaction validating effort:
- Anyone can start running a public node by downloading the free code on their local device
- Anyone can participate in the consensus by validating transactions in the network, thus determining what block gets added to the chain along with the current state
- Anyone in the world can do valid transactions and reflect them on a blockchain
Using a public block explorer, anyone can read transactions, making it transparent yet pseudonymous. Bitcoin, namecoin, Ethereum, bitcoin cash, Ethereum classic, and litecoin are just few of the hundreds of examples of public blockchain ...