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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

Introducing Web3


Web3 is a JavaScript library that can be used to communicate with an Ethereum node via RPC communication. Web3 works by exposing methods that have been enabled over RPC. This allows the development of user interfaces that make use of the web3 library in order to interact with the contracts deployed over the blockchain.

In order to expose the methods via geth, the following command can be used:

$ geth --datadir .ethereum/privatenet/ --networkid 786 --rpc --rpcapi 'web3,eth,debug' --rpcport 8001 --rpccorsdomain 'http://localhost:7777'

Note the --rpcapi flag that allows the web3, eth and debug methods.

This is a powerful library and can be explored further by attaching a geth instance. Later in the section, you will be introduced to the concepts and techniques of making use of web3 via JavaScript/HTML frontends.

The geth instance can be attached using the following command:

$ geth attach ipc:.ethereum/privatenet/geth.ipc

Once the geth JavaScript console is running, web3 can be...

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