A Comprehensive Guide To Create

Blockchain In Python

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Blockchain is getting staggering popular due to the robust architecture that

makes it highly compatible with data storage. Though, many developers

want to know today how they can develop Blockchain in Python.

Thus, in this article, we will learn about Blockchain in Python. However,

before that, we would take a look into the initial phase explaining how

significant Blockchain is in the current marketplace.

Blockchain- Rising Development Trend

When I learned first about blockchain technology, it straight struck me that I

will remember the core of the technology. If you know little about this
technology, you must understand that the reign of this technology was

started with Bitcoin. And now it has become a significant trend due to its

unbreakable architecture for security.

Before you learn to create Blockchain in Python, You need to understand

its basic concept and what Blockchain is and how it works.

Source: researchgate.com

Blockchain system relies on a unique concept of a growing list of records

(that is, blocks) linked together, which is known as the blockchain.

Cryptocurrency- Bitcoin was the first successful implementation of this

system, and shortly after its rise in popularity, other digital currencies have

found the same principles. However, this system is not limited to storing

financial information. Instead, the type of data stored is insignificant and

independent of the blockchain network.

The data stored on the blockchain must have the following characteristics:

Immutable, Impenetrable, Continuous (no data loss), and Distributed.

These qualities are essential to maintaining the integrity of the blockchain

and the security of the network in which transactions occur. To

comprehend the elegance of such a system, and to explain the finer

details, I'll walk you through the process of creating your own blockchain in

Python. For simplicity, I will assume that the data stored in the block is

transaction data, as cryptocurrencies are currently the predominant

blockchain use case.

Building Blockchain In Python

To develop Blockchain in Python, you must have hands-on experience in

programming. Here is a comprehensive guide for creating blockchain in

Python.

Before trying this, ensure you have Python installed in your system, and it

is recommended to install the pre-built blockchain runtime environment. To

create your custom python runtime, you would need this project that you

can get by creating a free ActiveState account.

After getting started with ActiveState account pick Python 3.6 and your

operating system, moreover, we would need to add Flask to build the

REST API, which allows you to expose to the blockchain and test.

If you are not a developer and want to create blockchain, you should hire

python developers who have expertise in blockchain development.

Building Your First Block

To create the first block, we will use a standard JSON format that will store

data in each block. The data for each block appears something like:

"author": "author_name",

"timestamp": "transaction_time",

"data": "transaction_data"

Now our work is to implement this block in python. For that first we will

create a block class with aforementioned attributes. In order to make each

block unique we need to ensure that duplication doesn't occur:

class Block:

def init(self, Index1, Transactions1, Timestamp, previous_hash, nonce=0):

self.index = index

self.transactions = transactions

self.timestamp = timestamp

self.previous_hash = previous_hash

self.nonce = nonce

Here you don't need to stress more about the hash of previous block or

nonce variables as of now as we will take a look at them in the latter part of

creating blockchain in Python.

Above I have already mentioned that the data is each block of the

blockchain is immutable and makes a chain through cryptographic hash to

function. This is a one-way algorithm that accepts arbitrarily-sized input

data termed as key and creates a mapping system where each value is

bound with a fixed-size value.

With Python, you can use any standard cryptographic hash function, for

example, SHA-2 functions, SHA-256 and more.

 Interesting, right?
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