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Python-and-Crypto-A-Beginners-Guide

This document serves as a beginner's guide to using Python in the cryptocurrency and blockchain space, highlighting its simplicity and extensive libraries. It covers building a simple blockchain, interacting with Ethereum using Web3.py, and managing smart contracts and cryptocurrency transactions. The guide concludes with key takeaways and future trends in Python's role in blockchain technology.

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9 views

Python-and-Crypto-A-Beginners-Guide

This document serves as a beginner's guide to using Python in the cryptocurrency and blockchain space, highlighting its simplicity and extensive libraries. It covers building a simple blockchain, interacting with Ethereum using Web3.py, and managing smart contracts and cryptocurrency transactions. The guide concludes with key takeaways and future trends in Python's role in blockchain technology.

Uploaded by

8 11B Manasi kambli
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Python & Crypto: A

Beginner's Guide
Welcome to the exciting world of Python in Cryptocurrency and
Blockchain! This presentation is your entry point to the future of
finance, where we'll explore how Python simplifies blockchain and
crypto tasks.
Team Name : Faculty :
Vivek Sangem Yasmeen Attar
Deepkumar Yadav
Yash Mohite
Srushti Vetal
Why Python for Crypto?
Simple & Readable Extensive Libraries

Python's syntax is easy to learn and understand. Its Many powerful libraries simplify blockchain and crypto
design philosophy emphasizes code readability. tasks, such as hashlib, cryptography, and requests.

Python's design philosophy emphasizes code


readability
Building a Simple
Blockchain with Python
Define Data Structure
Create a class for blocks.

Add Blocks
Implement functions to add blocks to the chain.

Implement Proof-of-Work
Ensure chain integrity with PoW algorithm.

Verify Chain
Validate the integrity of the entire blockchain.
Interacting with
Blockchain using
Web3.py
Web3.py Introduction Connecting to
Python library for
Ethereum
interacting with Ethereum. Establish connection to
local or remote nodes.

Account Management
Create, import, and manage Ethereum accounts.
Smart Contracts and Pytho

Contract ABI Deploy ContractsCall Functions


Use ABI to interact Deploy smart Execute contract
with contract contracts using functions via
functions. Python scripts. Web3.py.
Cryptocurrency Transactions with Python
Wallet Setup
1 Generate or import crypto wallets.

Create Transaction
2 Construct transaction details.

Sign & Broadcast


3 Sign the transaction and broadcast it to the network.
#Creating simple blockchain
import hashlib
import time

class Block:
def __init__(self, index, previous_hash, timestamp, data, nonce=0):
self.index = index
self.previous_hash = previous_hash
self.timestamp = timestamp
self.data = data
self.nonce = nonce
self.hash = self.calculate_hash()

def calculate_hash(self):
block_string = f"{self.index}{self.previous_hash}{self.timestamp}{self.data}{self.nonce}"
return hashlib.sha256(block_string.encode()).hexdigest()

class Blockchain:
def __init__(self):
self.chain = [self.create_genesis_block()]

def create_genesis_block(self):
return Block(0, "0", time.time(), "Genesis Block")

def add_block(self, data):


previous_block = self.chain[-1]
new_block = Block(len(self.chain), previous_block.hash, time.time(), data)
self.chain.append(new_block)
# Creating a blockchain
my_blockchain = Blockchain()
my_blockchain.add_block("First Transaction")
my_blockchain.add_block("Second Transaction")

# Print blockchain
for block in my_blockchain.chain:
print(f"Index: {block.index}, Hash: {block.hash}, Data: {block.data}")
Future of Python in
Blockchain &
Conclusion
Key Takeaways
• Python simplifies blockchain.
• Web3.py eases Ethereum interaction.
• Smart contracts and transactions are manageable.

Future Trends
• Growing adoption.
• More advanced libraries.
• Increased security focus.

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