Search icon CANCEL
Subscription
0
Cart icon
Your Cart (0 item)
Close icon
You have no products in your basket yet
Arrow left icon
Explore Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
Blockchain Quick Reference

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

Arrow left icon
Product type Paperback
Published in Aug 2018
Publisher Packt
ISBN-13 9781788995788
Length 350 pages
Edition 1st Edition
Languages
Arrow right icon
Authors (4):
Arrow left icon
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
Arrow right icon
View More author details
Toc

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...

lock icon The rest of the chapter is locked
Register for a free Packt account to unlock a world of extra content!
A free Packt account unlocks extra newsletters, articles, discounted offers, and much more. Start advancing your knowledge today.
Unlock this book and the full library FREE for 7 days
Get unlimited access to 7000+ expert-authored eBooks and videos courses covering every tech area you can think of
Renews at $19.99/month. Cancel anytime
Banner background image