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Mastering Blockchain, Fourth Edition

You're reading from   Mastering Blockchain, Fourth Edition Inner workings of blockchain, from cryptography and decentralized identities, to DeFi, NFTs and Web3

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Product type Paperback
Published in Mar 2023
Publisher Packt
ISBN-13 9781803241067
Length 818 pages
Edition 4th 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 (24) Chapters Close

Preface 1. Blockchain 101 FREE CHAPTER 2. Decentralization 3. Symmetric Cryptography 4. Asymmetric Cryptography 5. Consensus Algorithms 6. Bitcoin Architecture 7. Bitcoin in Practice 8. Smart Contracts 9. Ethereum Architecture 10. Ethereum in Practice 11. Tools, Languages, and Frameworks for Ethereum Developers 12. Web3 Development Using Ethereum 13. The Merge and Beyond 14. Hyperledger 15. Tokenization 16. Enterprise Blockchain 17. Scalability 18. Blockchain Privacy 19. Blockchain Security 20. Decentralized Identity 21. Decentralized Finance 22. Blockchain Applications and What’s Next 23. Index

Wallets

The wallet software is used to generate and store cryptographic keys. It performs various useful functions, such as receiving and sending Bitcoin, backing up keys, and keeping track of the balance available. Bitcoin client software usually offers both functionalities: a Bitcoin client and wallet. On disk, the Bitcoin Core client wallets are stored as a Berkeley DB file:

$ file wallet.dat
wallet.dat: Berkeley DB (Btree, version 9, native byte-order)

Private keys are generated by randomly choosing a 256-bit number provided by the wallet software. The rules of generation are predefined and were discussed in Chapter 4, Asymmetric Cryptography. Private keys are used by wallets to sign outgoing transactions. Wallets do not store any coins. In fact, in the Bitcoin network, coins do not exist; instead, only transaction information is stored on the blockchain (more precisely, UTXO, unspent outputs), which are then used to calculate the number of bitcoins.

Fundamentally...

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