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Mastering Blockchain

Mastering Blockchain

3.3 (10)
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Mastering Blockchain

Mastering Blockchain

3.3 (10)

Overview of this book

Blockchain is a distributed database that enables permanent, transparent, and secure storage of data. The blockchain technology is the backbone of cryptocurrency – in fact, it’s the shared public ledger upon which the entire Bitcoin network relies – and it’s gaining popularity with people who work in finance, government, and the arts. Blockhchain technology uses cryptography to keep data secure. This book gives a detailed description of this leading technology and its implementation in the real world. This book begins with the technical foundations of blockchain, teaching you the fundamentals of cryptography and how it keeps data secure. You will learn about the mechanisms behind cryptocurrencies and how to develop applications using Ethereum, a decentralized virtual machine. You will explore different blockchain solutions and get an exclusive preview into Hyperledger, an upcoming blockchain solution from IBM and the Linux Foundation. You will also be shown how to implement blockchain beyond currencies, scability with blockchain, and the future scope of this fascinating and powerful technology.
Table of Contents (14 chapters)
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10
10. Alternative Blockchains
12
12. Scalability and Other Challenges

Messages


Messages, as defined in the yellow paper, are the data and value that are passed between two accounts. A message is a data packet passed between two accounts. This data packet contains data and value (amount of ether). It can either be sent via a smart contract (autonomous object) or from an external actor (externally owned account) in the form of a transaction that has been digitally signed by the sender.

Contracts can send messages to other contracts. Messages only exist in the execution environment and are never stored. Messages are similar to transactions; however, the main difference is that they are produced by the contracts, whereas transactions are produced by entities external (externally owned accounts) to the Ethereum environment.

A message consists of the components mentioned here:

  1. Sender of the message

  2. Recipient of the message

  3. Amount of Wei to transfer and message to the contract address

  4. Optional data field (Input data for the contract)

  5. Maximum amount of gas that can be consumed...

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