Like Bitcoin, the main reason for the Ethereum scalability problem is the network protocol that each node in the network has to process each transaction. Ethereum 1.x implements a slightly modified version of the proof-of-work (PoW) consensus mechanism. In Ethereum, miners have to race to find the nonce to meet the target difficulty. Every node needs to verify that the miners' work is valid and keep an accurate copy of the current network state. This greatly limits the transaction process capability and throughput of the Ethereum blockchain network. Currently it can only process 12-15 transactions per second.
Learn Ethereum
By :
Learn Ethereum
By:
Overview of this book
Ethereum is a blockchain-based, decentralized computing platform that allows running smart contracts. This book provides a basic overview of how Ethereum works, its ecosystem, mining process, and the consensus mechanism. It also demonstrates a step-by-step approach for building decentralized applications.
This book begins with the very basics of Blockchain technology. Then it dives deep into the Ethereum architecture, framework and tools in its ecosystem. It also provides you an overview of ongoing research on Ethereum, for example, Layer 1 and 2 scaling solution, Stablecoin, ICO/STO/IEO, etc. Next, it explains Solidity language in detail, and provides step-by-step instructions for designing, developing, testing, deploying, and monitoring decentralized applications.
In addition, you’ll learn how to use Truffle, Remix, Infura, Metamask, and many other Ethereum technologies. It’ll also help you develop your own cryptocurrency by creating ERC20, and ERC721 smart contracts from scratch. Finally, we explain private blockchains, and you learn how to interact with smart contracts through wallets.
Table of Contents (19 chapters)
Preface
Blockchain and Cryptocurrency
Ethereum Architecture and Ecosystem
Deep Research on Ethereum
Section 2: Blockchain Development Cycle
Solidity Fundamentals
Developing Your Own Cryptocurrency
Section 3: Ethereum Implementations
Smart Contract Development and Test Fundamentals
Writing UI for the DApps
Ethereum Tools and Frameworks
Section 4: Production and Deployment
Creating an Ethereum Private Chain
Deployment of Your Smart Contract
Building Ethereum Wallets
Section 5: Conclusion
Conclusion
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