August 2019
Intermediate to advanced
486 pages
13h 52m
English
Content preview from Mastering Blockchain Programming with Solidity
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Blocks
The blockchain maintains a series of blocks. Each block is linked together with the last generated block. A block contains multiple transactions. At the time of writing this book, blocks are generated using a PoW consensus algorithm called Ethash in Ethereum. In future it is planned to change to PoS.
Miners share their processing power with the Ethereum blockchain network to process all pending transactions and generate a new block. Each block is generated in approximately 15 seconds. At the time of writing, a miner who generates the block is rewarded with 3 ETH in their wallet. It is proposed that, in the future, it will be reduced from 3 ETH to 2 ETH per block. It may change in future as well.
Each block has a defined gas limit: ...