Ethereum Blockchain: Building the Future of Digital Assets in a Decentralized World
By Fouad Sabry
()
About this ebook
The world of blockchain technology is rapidly evolving, and Ethereum stands at the forefront of this revolution. In "Ethereum Blockchain," part of the "CryptoKitties Blockchain Game" series, Fouad Sabry dives deep into the mechanics and significance of Ethereum, exploring its transformative role in the crypto world. This book provides an insightful journey for professionals, students, and enthusiasts alike, revealing how Ethereum powers decentralized applications, smart contracts, and NFTs like CryptoKitties. Understanding these concepts is crucial in today’s digital landscape, making this book invaluable for anyone seeking to understand blockchain’s impact on the future of digital assets.
Chapters Brief Overview:
1: Ethereum: An introduction to Ethereum and its foundation as a decentralized, blockchainbased platform.
2: Cryptoeconomics: Exploration of the economic principles that drive Ethereum’s ecosystem and tokenomics.
3: William Entriken: A profile of William Entriken and his contributions to Ethereum’s development, particularly in the ERC721 standard.
4: Decentralized Autonomous Organization: An overview of DAOs and how they operate within Ethereum's decentralized structure.
5: NonFungible Token: Insight into NFTs, their unique properties, and their role within Ethereum’s broader ecosystem.
6: 0x (Decentralized Exchange Infrastructure): A look at 0x’s protocol and its influence on decentralized exchanges within Ethereum.
7: CryptoKitties: Understanding the viral CryptoKitties game, the NFT craze, and its impact on the Ethereum network.
8: Uniswap: Examination of Uniswap’s decentralized exchange model and its connection to Ethereumbased tokens.
9: Cardano (Blockchain Platform): An introduction to Cardano, Ethereum’s competitor, and its role in blockchain development.
10: Cryptocurrency: A deep dive into cryptocurrency’s integration with Ethereum, highlighting its role in the ecosystem.
11: Solana (Blockchain Platform): Comparing Solana to Ethereum and evaluating the differences and similarities in blockchain platforms.
12: Kevin Abosch: A study of Kevin Abosch’s impact on the intersection of art, cryptocurrency, and NFTs.
13: Decentralized Finance: Understanding how decentralized finance (DeFi) operates on Ethereum and reshapes traditional finance.
14: Colored Coins: An exploration of colored coins and how they relate to Ethereum’s tokenized asset model.
15: ERC721: Indepth analysis of the ERC721 standard, which gave rise to NFTs and revolutionized digital ownership.
16: Ethereum Classic: A look at Ethereum Classic, its origins, and its split from Ethereum, providing historical context.
17: Tron (Blockchain): Examination of Tron’s blockchain platform and how it competes with Ethereum in the decentralized world.
18: Decentralized Application: Understanding DApps (decentralized applications) and how they are built on Ethereum.
19: CryptoPunks: A look at the CryptoPunks collection, its cultural significance, and its integration with Ethereum.
20: Smart Contract: Detailed exploration of smart contracts, how they function, and their role within Ethereum’s ecosystem.
21: Blockchain: A broad overview of blockchain technology, its evolution, and Ethereum’s place in the global blockchain landscape.
By the end of this book, you’ll gain a comprehensive understanding of Ethereum, its blockchain, and its role in powering digital innovation like NFTs, DeFi, and decentralized applications. Whether you're a student, professional, or hobbyist, this book provides the knowledge you need to navigate the future of blockchain technology.
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Ethereum Blockchain - Fouad Sabry
Chapter 1: Ethereum
Ethereum is a blockchain that is decentralized and has the capability of providing smart contracts. The native cryptocurrency of the site is given the abbreviation ETH, which stands for ether. Ether is the second most valuable cryptocurrency in terms of market capitalization, surpassed only by bitcoin. This is software that is open-source.
Vitalik Buterin, a computer programmer, came up with the idea for Ethereum in 2013. The names Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin are also included among the company's founders. 2014 saw the beginning of development work, which was supported by the general public, and the network became live on July 30, 2015. Ethereum makes it possible for anyone to deploy decentralized applications upon it, such that users can interact with those applications. Financial instruments that do not directly rely on financial intermediaries such as brokerages, exchanges, or banks are made available by applications that fall under the category of decentralized finance (DeFi). This enables the borrowing of funds against bitcoin assets or the lending of cryptocurrency holdings for interest. Users of Ethereum are also able to generate and trade non-fungible tokens, also known as NFTs. NFTs are tokens that can be linked to specific digital assets, such as photographs, and can facilitate transactions between users. The ERC-20 token standard is used by a large number of different cryptocurrencies, which are built on top of the Ethereum blockchain. These cryptocurrencies have also used the Ethereum platform to conduct initial coin