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Chapter 5
Encountering the Ethereum Blockchain
IN THIS CHAPTER
Seeing how and why Ethereum started Discovering the Ethereum blockchain Uncovering blockchain hacks Getting started with Ethereum Creating a decentralized autonomous organization Creating your own token Building smart contracts and decentralized corporationsThe Ethereum project is one of the most developed and accessible blockchains in the ecosystem. It is also an industry leader in blockchain innovation and use cases. Understanding this technology is essential because it’s leading the charge in smart contracts, decentralized organizations, and token offerings.
This chapter covers the makeup of Ethereum and explains the new way to build organizations and companies on the Ethereum blockchain. It also goes into safety and practical business applications of the Ethereum blockchain, including how the project started and where it plans to go.
This chapter sets you up to create your own decentralized organization and explains how to mine the cryptocurrency on the test net to fuel your projects. After reading this chapter, you’ll be able to set up your own Ethereum wallet and trade the token. You’ll also be able to generate your own custom token that can be traded globally. Consider this chapter your introduction to Ethereum. To dive deeper into Ethereum, check out ssss1.