- To run the application, use the following command:
python basic_blockchain_expanded.py
. The application will start a Flask server on http://127.0.0.1:5000.
MontyCoin is a simple implementation of a blockchain and cryptocurrency.
- Navigate to scripts directory
- Run
chmod +x run.sh
andchmod +x stop.sh
to make scripts executable - Run the servers (nodes) with
./run.sh
. This will start 4 nodes on http://127.0.0.1:5000 - http://127.0.0.1:5003 - Stop the nodes with
./stop.sh
- Transaction Validation: Implement a system to validate transactions before they are added to the blockchain. This could include checking if the sender has enough balance to perform the transaction.
- Wallets: Create a Wallet class that generates private and public keys for users. The private key can be used to sign transactions and the public key can be used as the user's address.
- Transaction Signing and Verification: Implement a system where transactions are signed using the sender's private key and can be verified by others using the sender's public key. This ensures that only the owner of a wallet can make transactions from it.
- Improved Mining Process: Modify the mining process. For example, you could implement a difficulty adjustment algorithm that adjusts the difficulty of the mining process based on the total computational power of the network.
- Custom Hashing Algorithm: Implement a custom hashing algorithm for the blockchain. This could be a great way to learn about cryptographic hash functions.
- Peer-to-Peer Network: Instead of manually adding nodes, implement a peer-to-peer network where nodes can discover each other.
- GUI: Create a graphical user interface (GUI) for easier interaction with the blockchain.
- Error Handling: Improve error handling and return appropriate HTTP status codes and messages when errors occur.
- Data Persistence: Implement a system to store the blockchain data persistently. 10.** Reward System**: Implement a reward system for miners.