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Blockchain Quick Reference

You're reading from   Blockchain Quick Reference A guide to exploring decentralized blockchain application development

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Product type Paperback
Published in Aug 2018
Publisher Packt
ISBN-13 9781788995788
Length 350 pages
Edition 1st Edition
Languages
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Authors (4):
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Brenn Hill Brenn Hill
Author Profile Icon Brenn Hill
Brenn Hill
Paul Valencourt Paul Valencourt
Author Profile Icon Paul Valencourt
Paul Valencourt
Samanyu Chopra Samanyu Chopra
Author Profile Icon Samanyu Chopra
Samanyu Chopra
Mariko Amekodommo Mariko Amekodommo
Author Profile Icon Mariko Amekodommo
Mariko Amekodommo
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Table of Contents (24) Chapters Close

Preface 1. Blockchain 101 FREE CHAPTER 2. Components and Structure of Blockchain 3. Decentralization Versus Distributed Systems 4. Cryptography and Mechanics Behind Blockchain 5. Bitcoin 6. Altcoins 7. Achieving Consensus 8. Advanced Blockchain Concepts 9. Cryptocurrency Wallets 10. Alternate Blockchains 11. Hyperledger and Enterprise Blockchains 12. Ethereum 101 13. Solidity 101 14. Smart Contracts 15. Ethereum Development 16. Ethereum Accounts and Ether Tokens 17. Decentralized Applications 18. Mining 19. ICO 101 20. Creating Your Own Currency 21. Scalability and Other Challenges 22. Future of Blockchain 23. Other Books You May Enjoy

Introducing Ethereum accounts

The state in Ethereum is made up of objects, each known as an account. Each account in Ethereum contains a 20-byte address. Each state transition is a direct transaction of value and information between various accounts. Each operation performed between or on the accounts is known as a state transition. The state transition in Ethereum is done using the Ethereum state transition function.

The state change in Ethereum blockchain starts from the genesis block of the blockchain, as shown in this diagram:

Each block contains a series of transactions, and each block is chained to its previous block. To transition from one state to the next, the transaction has to be valid. The transaction is further validated using consensus techniques, which we have already discussed in previous chapters.

To avoid stale blocks in Ethereum, GHOST (Greedy Heaviest Observed...

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