How to Create Your Own Cryptocurrency Blockchain in Python

Want to learn how to build your own cryptocurrency blockchain? Check out this tutorial on how to create your own blockchain in Python.

Cryptocurrencies and their underlying blockchain technology have taken the world by surprise —from their humble beginnings a few years ago to current everyday conversation point. computer science course computer science jobs computer science binus

Typically, a blockchain refers to a distributed ledger technology that constitutes a “chain of blocks.” Every block in the blockchain has a hash of the previous block, a timestamp, and transaction data which makes it tamper-proof. computer science course computer science jobs computer science binus

According to Elliot Minns, who has more than six years of software development experience and uses practical projects to teach people how to create cryptocurrencies, “Learning how to create a blockchain will help you to understand how digital currencies like Bitcoin and Ethereum operate and how you can extrapolate the technology to accelerate the capabilities of your applications.” computer science course computer science jobs computer science binus

In this article, we are going to explain how you can create a simple blockchain using the Python programming language. computer science course computer science jobs computer science binus

Here is the basic blueprint of the Python class we’ll use for creating the blockchain: computer science course computer science jobs computer science binus

class Block(object):

    def __init__():

        pass

    #initial structure of the block class 

    def compute_hash():

        pass

    #producing the cryptographic hash of each block 

  class BlockChain(object):

    def __init__(self):

    #building the chain

    def build_genesis(self):

        pass

    #creating the initial block

    def build_block(self, proof_number, previous_hash):

        pass

    #builds new block and adds to the chain

   @staticmethod

    def confirm_validity(block, previous_block):

        pass

    #checks whether the blockchain is valid

    def get_data(self, sender, receiver, amount):

        pass

    # declares data of transactions

    @staticmethod

    def proof_of_work(last_proof):

        pass

    #adds to the security of the blockchain

    @property

    def latest_block(self):

        pass

    #returns the last block in the chain

Now, let’s explain how the blockchain class works. computer science course computer science jobs computer science binus

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