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Mastering Blockchain

You're reading from   Mastering Blockchain Distributed ledger technology, decentralization, and smart contracts explained

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Product type Paperback
Published in Mar 2018
Publisher Packt
ISBN-13 9781788839044
Length 656 pages
Edition 2nd Edition
Languages
Concepts
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Author (1):
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Imran Bashir Imran Bashir
Author Profile Icon Imran Bashir
Imran Bashir
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Toc

Table of Contents (21) Chapters Close

Preface 1. Blockchain 101 FREE CHAPTER 2. Decentralization 3. Symmetric Cryptography 4. Public Key Cryptography 5. Introducing Bitcoin 6. Bitcoin Network and Payments 7. Bitcoin Clients and APIs 8. Alternative Coins 9. Smart Contracts 10. Ethereum 101 11. Further Ethereum 12. Ethereum Development Environment 13. Development Tools and Frameworks 14. Introducing Web3 15. Hyperledger 16. Alternative Blockchains 17. Blockchain – Outside of Currencies 18. Scalability and Other Challenges 19. Current Landscape and What's Next 20. Another Book You May Enjoy

Ethereum – bird's eye view

In this section, we will see how Ethereum works from a user's point of view. For this purpose, I will present the most common use case of transferring funds. In our use case, from one user (Bashir) to another (Irshad). We will use two Ethereum clients, one for sending funds and the other for receiving. There are several steps involved in this process which are described here:

  1. First either a user requests money by sending the request to the sender, or the sender decides to send money to the receiver. The request can be sent by sending the receivers Ethereum address to the sender. For example, there are two users, Bashir and Irshad. If Irshad requests money from Bashir, then she can send a request to Bashir by using QR code. Once Bashir receives this request he will either scan the QR code or manually type in Irshad's Ethereum address...
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