Ethereum: Technical details of Bitcoin transactions and blockchain transfer

The Ethereum Network. Using the transactions behind and the blockchain transfer program and concepts.

Overview of bitcoin transactions

The bitcoin transaction is the only currency unit that is certified on the Bitcoin network. It includes two parties: one sender and one buyer. The transaction process can be divided into several steps:

• Create a transaction :

Or

Or

• Consensus : This ensures that the transaction is checked and accepted by at least two parties.

Or

Ethereum Blockchain Technology

Ethereum is built on the top of a decentralized, open-source blockchain called solidity (programming language). The Ethereum Virtual Machine (EVM) carries out intelligent contracts that, in themselves, implement the contracts with the terms of the agreement, directly in the code series. Smart contracts can be installed on the ETHEREUM network using the eth0 command line surface.

Transaction transfer process at Ethereumon

– The process includes several steps:

• Transaction Storage :

• Verification : The nodes check the transaction using their own copies of the blockchain. This ensures that the transaction is to be checked by several parties.

Or

• Network Distribution : The updated blockchain is broadcast to all connected notes on the network.

Programming Conditions and Concepts

Ethereum transactional transaction process, break down some basic concepts:

* Blockchain : A public ledger that stores and records all transactions on the network.

* Chalcode : A self -determining contract that defines the rules of a given intelligent contract or application.

* Intelligent Contract : A separate program that automates a particular process, such as the implementation of a transaction or the upgrade of the blockchain.

Program language and tools

Developers use programs like Ethereum Blockchain technology:

* Solidity : Official language of smart contracts on Ethereum network.

* Web3.js : An open source JavaScript directory that allows customer -side interactions with Ethereum network.

tools and frames

Including:

* truffle suite : Development tools for building, testing and installing a series of smart contracts on the Ethereum network.

* Ethers.js : Official JavaScript library that allows developers to interact with the Ethereum network programmed.

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