{"id":3661,"date":"2019-11-20T23:55:35","date_gmt":"2019-11-20T23:55:35","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=3661"},"modified":"2019-11-20T23:55:36","modified_gmt":"2019-11-20T23:55:36","slug":"5-steps-for-implementing-a-blockchain-project","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/5-steps-for-implementing-a-blockchain-project\/","title":{"rendered":"5 Steps for Implementing a Blockchain Project"},"content":{"rendered":"\n

The underlying technologies of the\nblockchain, are available in open source, giving aspiring developers the chance\nto implement their private blockchain. This can provide you with the\nopportunity to learn through practice, the concepts that are behind such an\nenvironment, including mining, or the execution of a smart contract. Here are\nthe five steps for implementing a blockchain project on your workstation.<\/p>\n\n\n\n

Step\n#1 \u2013 Select the Platform<\/strong><\/p>\n\n\n\n

Due to the responsiveness and dynamism of\nits members, the Ethereum blockchain network is the best one to consider. With\nthe wealth of its documentation, the blockchain promises that the objects will\nbecome fully autonomous and belong to themselves. With this, they can execute\ncode.<\/p>\n\n\n\n

Step\n#2 \u2013 Initialize the Blockchain<\/strong><\/p>\n\n\n\n

All you need to do to initialize the blockchain is to create the first block manually. The block must contain all of the characteristics of the chain, and then be shared with all the nodes of the network. To define this first block, a file must be created in JSON format. After the JSON file has been completed, it is up to the client platform to create the folder that contains the blockchain and to initialize it.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Step\n#3 \u2013 Choose the Correct Consensus Protocol<\/strong><\/p>\n\n\n\n

The consensus protocol consists of asking\nthe resolution of a mathematical problem that requires a large amount of\ncalculation. When a miner manages to find a solution, it must be something that\nis easily verifiable by everyone. The first person to see the solution wins the\nright to write the next block in the chain. The difficulty of the problem is\nchanged in real time according to the total power of the entire network,\nresulting in the blocks being written at regular intervals. This makes hacking\nattempts extremely difficult and protects blockchain as the whole against spam\nattempts to overload the network.<\/p>\n\n\n\n

Step\n#4 \u2013 Execute Your First Smart Contract<\/strong><\/p>\n\n\n\n

Growing a blockchain is only of interest if\nyou can run a smart contract with it. The smart contract should self-execute\nfrom a predefined threshold that can be an amount, a date, or any duly\nauthenticated event. Ethereum\u2019s success is based on this concept. <\/p>\n\n\n\n

Step\n#5 \u2013 Debug and Scale<\/strong><\/p>\n\n\n\n

Unlike a program that is run by a computer,\na block is run on a set of nodes. Each network termination, or node, must\nresult in a treatment equivalent to the previous ones. The process makes\ndebugging the application complex. To fix the issue, you have to create a new\nblock and wait for the chain to propagate the changes. <\/p>\n\n\n\n

The uses for blockchain technology are endless, with more companies moving to proof of concept to concrete achievements. Following these five steps will have you well on your way to creating your own blockchain project.<\/p>\n\n\n\n

by byatek.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The underlying technologies of the blockchain, are available in open source, giving aspiring developers the chance to implement their private blockchain. This can provide you with the opportunity to learn through practice, the concepts that are behind such an environment, including mining, or the execution of a smart contract. Here are the five steps for …<\/p>\n","protected":false},"author":1,"featured_media":3666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[17],"tags":[],"aioseo_notices":[],"yoast_head":"\n5 Steps for Implementing a Blockchain Project - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/5-steps-for-implementing-a-blockchain-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Steps for Implementing a Blockchain Project - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"The underlying technologies of the blockchain, are available in open source, giving aspiring developers the chance to implement their private blockchain. 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