iCoin 🪙

This code explains the working of Crypto-currency.

Code Requirements 🦄

The example code is in Python (version 2.7 or higher will work).

1. import hashlib
2. import flask

Description 💰

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Concepts 👨‍🔬

1. Proof-of-Work Algorithm
2. Concensus Algorithm

For more information, see

Setup 🖥️

1. After you have set up the python code, you need to send a POST request of transferring iCoins to someone.

curl "localhost:5000/request_transaction" \
     -H "Content-Type: application/json" \
     -d '{"from": "Akshay", "to":"Raghav", "amount": 10}'
	 

2. Now mine the block for verification by send a GET request.

curl localhost:5000/mine
	 

3. You can check all the blocks by sending a GET request.

curl localhost:5000/blocks
	 

Execution 🐉

To run the code, type python iCoin.py

python iCoin.py