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Blockchain Developer's Guide

You're reading from   Blockchain Developer's Guide Develop smart applications with Blockchain technologies - Ethereum, JavaScript, Hyperledger Fabric, and Corda

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Product type Course
Published in Dec 2018
Publisher
ISBN-13 9781789954722
Length 564 pages
Edition 1st Edition
Languages
Concepts
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Authors (4):
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Paul Valencourt Paul Valencourt
Author Profile Icon Paul Valencourt
Paul Valencourt
Brenn Hill Brenn Hill
Author Profile Icon Brenn Hill
Brenn Hill
Narayan Prusty Narayan Prusty
Author Profile Icon Narayan Prusty
Narayan Prusty
Samanyu Chopra Samanyu Chopra
Author Profile Icon Samanyu Chopra
Samanyu Chopra
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Table of Contents (37) Chapters Close

Title Page
Copyright
About Packt
Contributors
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 Accounts and Ether Tokens 16. Decentralized Applications 17. Mining 18. ICO 101 19. Creating Your Own Currency 20. Scalability and Other Challenges 21. Future of Blockchain 22. Understanding Decentralized Applications 23. Understanding How Ethereum Works 24. Writing Smart Contracts 25. Getting Started with web3.js 26. Building a Wallet Service 27. Building a Smart Contract Deployment Platform 28. Building a Betting App 29. Building Enterprise Level Smart Contracts 30. Building a Consortium Blockchain 1. Other Books You May Enjoy Index

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 statetransition. 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 Subtree) protocol was introduced. This was introduced to avoid random forking by any nodes and inapt verification...

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