I wondering how many information on blockchain on the Internet you can find and how many of this information is really useless, especially when it is all about technical aspects. Will try to solve this problem in a series of articles and will start from this one. Pretty sure it’s a hot topic.
So, what I going to do is to provide step by step guide how to create your own token and start selling it on “Initial Coin Offering” event in the Ethereum Network. For this, I deployed two different smart-contracts to test Ethereum Network – first one for creating a new token and second one for “ICO”. I used standard contracts from the official site and changed it a bit to cover my needs. So, how it works step by step.
Blockchain – shared, single source of truth. Blockchain technology made decentralized consensus possible and also solved Byzantine Generals problem.
So, what blockchain exactly is? The blockchain is massively replicated database of all transactions in the network. If your application needs some feature that requires everyone else to agree on something – the blockchain just made for you. The blockchain is an immutable record that every node has a copy of.
The React development team provides a series of hooks we can tap into at each phase of the life cycle. These method hooks inform us of where the Component is in the life cycle and what we can and cannot do.
Each React.js component have three main parts of their life, called lifecycle. And each part have the magic function (callbacks) which will be called when their time will come.
Flux is the application architecture for building client-side web applications. It complements React.js composable view components by utilizing a unidirectional data flow. Flux applications have three major parts: Dispatcher, Stores, and Views.