How to Build a Simple Cryptocurrency Application in Node.JS?
Cryptocurrencies and the blockchain technology that supports them have taken the world by storm, from their humble beginnings as an academic idea more than a decade ago to their increased use in many industries today.
Blockchain technology is getting a lot of attention because it can improve security in environments where you can’t trust anyone, force decentralization, and speed up processes.
Python has been the standard programming language for building blockchains for a long time. But as this incredible technology has become more popular, development options have also grown, and Node.js hasn’t been left behind.
In this tutorial, I’ll show you how to use Node.js to create a simple Cryptocurrency Application in Node.JS blockchain. It won’t be very fancy, but it will be just enough to help you understand how a blockchain works.
This simple form of currency will be called smashingCoin.
If you are a JavaScript developer who wants to get into the growing field of cryptocurrency, this article will give you the skills you need to get started. Or, if you want to know how things work in the world of cryptocurrencies, this tutorial may help answer some of your questions.
Prerequisites to Build a Simple Cryptocurrency Application in Node
If you want this tutorial to go smoothly, you’ll need to know a lot about:
• JavaScript
• Node.js
First, you need to have:
• You have Node.js on your machine.
• A code editor.
What’s Node.Js?
Node.js is a popular runtime environment used by well-known apps like Twitter, PayPal, and LinkedIn. Node.js uses V8, which is Google’s open-source JavaScript engine. It was made by Ryan Dahl and came out for the first time in 2011. The following are some benefits of Node.js:
Js allows asynchronous event-driven programming, eliminating processes that had to wait. This makes it easier to grow.
It is a runtime environment that works very well.
• Developers who know JavaScript can quickly learn Node.js, which makes them more productive.
• Node.js makes it easier to set up data streaming.
• The ecosystem is better by the thousands of open-source modules and tools that can be shared. It also has a strong developer community.
- open-source NoSQL databases like MongoDB use JavaScript, so a JavaScript developer can easily set these up.
