DUMMYCHAIN — Tutorial-0
What is ‘DummyChain’?
Most of us would have heard about Blockchain. Right???
A blockchain is, in the simplest of terms, a time-stamped series of immutable record of data that is managed by cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain).
The blockchain network has no central authority — it is the very definition of a democratized system. Since it is a shared and immutable ledger, the information in it is open for anyone and everyone to see. Hence, anything that is built on the blockchain is by its very nature transparent and everyone involved is accountable for their actions.
‘blah blah blah blah blah blah blah blah blah blah blah blah ’
But do you how it works? Have you ever built one??
Don’t Worry…..DummyChain will help you.
DummyChain is a custom blockchain built from scratch Step By Step to easily understand concepts of blockchain.
We have Series of articles along with source code explaining the concepts of blockchain.
- Code your Basic Blockchain
- Add Transactions, Genesis block and Accounts
- Miner Incentivization — Coinbase Account, transaction fee, block reward
- Merkle Trees, Transaction trie, World State Trie etc..
In Next tutorial, we will learn how to create a basic blockchain along with proof of work mining mechanism.
Click below for next article
Comment below incase you have any questions or feedback.
