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Hands-On Blockchain for Python Developers

You're reading from   Hands-On Blockchain for Python Developers Empowering Python developers in the world of blockchain and smart contracts

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Product type Paperback
Published in Jun 2024
Publisher Packt
ISBN-13 9781805121367
Length 436 pages
Edition 2nd Edition
Languages
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Author (1):
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Arjuna Sky Kok Arjuna Sky Kok
Author Profile Icon Arjuna Sky Kok
Arjuna Sky Kok
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Toc

Table of Contents (27) Chapters Close

Preface 1. Part 1:Blockchain and Smart Contract FREE CHAPTER
2. Chapter 1: Introduction to Blockchain Programming 3. Chapter 2: Smart Contract Fundamentals 4. Chapter 3: Using Vyper to Implement a Smart Contract 5. Part 2: Web3 and Ape Framework
6. Chapter 4: Using Web3.py to Interact with Smart Contracts 7. Chapter 5: Ape Framework 8. Chapter 6: Building a Practical Decentralized Application 9. Part 3: Graphical User Interface Applications
10. Chapter 7: Front-End Decentralized Application 11. Chapter 8: Cryptocurrency Wallet 12. Part 4: Related Technologies
13. Chapter 9: InterPlanetary: A Brave New File System 14. Chapter 10: Implementing a Decentralized Application Using IPFS 15. Chapter 11: Exploring Layer 2 16. Part 5: Cryptocurrency and NFT
17. Chapter 12: Creating Tokens on Ethereum 18. Chapter 13: How to Create an NFT 19. Part 6: Writing Complex Smart Contracts
20. Chapter 14: Writing NFT Marketplace Smart Contracts 21. Chapter 15: Writing a Lending Vault Smart Contract 22. Chapter 16: Decentralized Exchange 23. Part 7: Building a Full-Stack Web3 Application
24. Chapter 17: Token-Gated Applications 25. Index 26. Other Books You May Enjoy

Secure from cheating

To emphasize the security property (from cheating) of a smart contract, you can visualize the states changing, as shown in Figure 2.12:

Figure 2.12: The state of the x variable changing

Figure 2.12: The state of the x variable changing

Every time someone changes the value of x, the transaction will be recorded on the blockchain. User 1 stores a value of 6 in x and the information is recorded on the first block. Then, user 2 stores a value of 8 in x, and the information is recorded on the second block. Lastly, user 1 stores a value of 2 in x, and the information is recorded on the third block.

Of course, in the real world, the state changing is not conveniently put in sequential blocks. User 1 changes the value of x, which is recorded on block 3, and then nothing happens for a long time. User 2 then changes the value of x in block 1000.

The important thing to note here is that the information that we get is not from only one smart contract. Let’s say three smart contracts...

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