book

Practical Blockchains and Cryptocurrencies: Speed Up Your Application Development Process and Develop Distributed Applications with Confidence

Name: Practical Blockchains and Cryptocurrencies: Speed Up Your Application Development Process and Develop Distributed Applications with Confidence
Author: Karan Singh Garewal
ISBN: 9781484258934

by Karan Singh Garewal

September 2020

Beginner to intermediate

495 pages

8h 54m

English

Apress

Content preview from Practical Blockchains and Cryptocurrencies: Speed Up Your Application Development Process and Develop Distributed Applications with Confidence

K. S. GarewalPractical Blockchains and Cryptocurrencieshttps://doi.org/10.1007/978-1-4842-5893-4_14

14. Helium Mining

Karan Singh Garewal¹

(1)

Toronto, ON, Canada

In the previous chapter, we have examined the cryptocurrency mining process in detail. Mining is a critical aspect of distributed cryptocurrencies that are modeled after Bitcoin. As you will recall, mining produces three results:

1.
Attaches new blocks to the blockchain
2.
Achieves distributed consensus on the content of the blockchain and hence distributed consensus on the transactions in the network
3.
Creates fresh units of cryptocurrency that are distributed to miners

In this chapter, we will implement the theoretical concepts pertaining to distributed consensus ...

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Practical Blockchains and Cryptocurrencies: Speed Up Your Application Development Process and Develop Distributed Applications with Confidence

by Karan Singh Garewal

14. Helium Mining

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,
and much more.