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Mastering Ethereum

You're reading from   Mastering Ethereum Implement advanced blockchain applications using Ethereum-supported tools, services, and protocols

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Product type Paperback
Published in Apr 2019
Publisher Packt
ISBN-13 9781789531374
Length 490 pages
Edition 1st Edition
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Author (1):
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Merunas Grincalaitis Merunas Grincalaitis
Author Profile Icon Merunas Grincalaitis
Merunas Grincalaitis
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Table of Contents (17) Chapters Close

Preface 1. Section 1: Blockchain - Ethereum Refresher FREE CHAPTER
2. Blockchain Architecture 3. Ethereum Ecosystems 4. Ethereum Assets 5. Section 2: Decentralized Application Development Workflow
6. Mastering Smart Contracts 7. Mastering dApps 8. Tools, Frameworks, Components, and Services 9. Deployment on Testnet 10. Various dApps Integrations 11. Decentralized Exchanges Workflow 12. Section 3: Ethereum Implementations
13. Machine Learning on the Ethereum Blockchain 14. Creating a Blockchain-based Social Media Platform 15. Creating a Blockchain-Based E-Commerce Marketplace 16. Other Books You May Enjoy

Blockchain consensus

The Ethereum blockchain is working on a network of thousands of computers connected with each other exchanging information. Now, in order to guarantee that they all are processing the same transactions and working for the same goals as a combined group of efforts, we need something to reach agreements, which is called consensus, so that they all agree on the result. It's the best way to combine the efforts to benefit the whole.

In the following diagram, you can see how all the computers are running the same mining software while agreeing on a single protocol that provides them with a reward for their computing power:

Introducing blockchain consensus

Compared to a standard voting process, where all...

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