How to create your own blockchain in 6 steps
In the next article, we will explain how you can create your own blockchain.
With the help of certain basics, we will break down each step of the implementation of this guide.
We will consider the process based on the well-known cryptocurrency Ethereum Coin.
The most important thing is to do everything in the sequence that will be described.
This is necessary in order not to miss an important moment.
However, remember that you can always turn to specialists for help, such as the blockchain development company Unicsoft.
First of all, you need to have an Azure subscription to complete this process.
After that, you just need to do the following:
Sign in to the Azure portal and click “Create a resource”.
We indicate that we want to create an “Ethereum Consortium Blockchain” and click on the “Create” button.
Several settings are required next:
On the one hand, the Azure configuration: To do this, you must specify the resource prefix, the login, and password of the virtual machines that will be deployed, the subscription, and the name of the resource group, which allows you to create a new one or use an existing one.
On the other hand, we need to set up our network.
That is, determine the number of participants, the number of mining nodes of each of them, and the number of transaction nodes that will exist.
We will also be asked to provide the characteristics of each node.
Finally, we must complete the setup corresponding to Ethereum: to complete this step, we must leave the Ethereum network ID, the password for the account of the specified application, and another password from which our private key is associated our account will be generated.
Once the setup is complete, we will be shown a summary of it, which we must accept by clicking on the OK button.
After that, we will be presented with the conditions under which the specified Microsoft cloud service will start creating resources.
Next, click on the “Create” button.
Once we have created our block technology (which takes a few minutes), we can access it.
To enter, we will have to select the group of created resources and click on the “Deployments” option, where we will select our blockchain.
After completing the previous step, a window will open showing our Blockchain configuration: resource group, network ID, administrator name… in addition to three endpoints through which we can access our system and view the following points.
Admin Site: The address of a portal offered by Azure that will allow us to check the status of our network.
Ethereum-RPC-endpoint: The endpoint through which we will access our node.
Ssh-to-first-text-node: By executing this command in the terminal, we will have access to the virtual machine of the first transactional node.
Finally, we will copy the URL of the admin site into the browser to check the status of our network nodes as well as the number of blocks generated.
This portal will also allow us to send ethers to other accounts in our network.
Summing up, we can say that the process is not complicated, but it requires care and concentration so as not to skip the steps and do everything in the correct sequence.