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Basic Blockchain and Cryptocurrency (PapCoin) using Python 3

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Blockchain and Cryptocurrency using Python3 and cryptography package

Blockchain in Python 3

cryptography is a package which provides cryptographic recipes and primitives to Python developers.

How a Blockchain works?
It's an exciting project that help to understand what Blockchain really is.

Some issues that was developed:

  • Generate, store and load private and public keys
  • Private key optionaly encrypted while saving as file using a password
  • Use SHA256 for wallet addresses
  • Sign transaction using private key
  • Check transaction signature using public key
  • Get balance using input/output/open transactions
  • Check balance before sending transaction
  • Genesis Block
  • Difficulty of mining (numbers of leading zeroes)
  • Mining reward
  • Previous block hash check
  • Check Proof of Work using block nonce, transactions(excluding reward transaction), previous hash
  • Adding peer nodes
  • Broadcast transaction to other peer nodes
  • Broadcast block to to other peer nodes
  • Consensus - longest chain wins
  • Check blockchain length on node start
  • Prevent sending transaction if node Blockchain is short
  • Prevent mining block if node Blockchain is short
  • Don't accept any broadcast if node Blockchain is short
  • Update to longest Blockchain from configured peer nodes

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