Deploy a Blockchain Private Network

A private blockchain network is not connected to the public network and only available to nodes that have permission to access. You will need one if you want to run a blockchain network for your own private application. This course is a step-by-step guide on how to setup one with Ethereum blockchain!

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What is Private Network ?

In a public blockchain, anyone is free to join and participate in the core activities of the blockchain network.

A private blockchain allows only selected and verified participants; the operator has the rights to override, edit, or delete entries on the blockchain.

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Why Private Network?

In an Ethereum network if the nodes are not connected to the main network then it is known as a Private Ethereum Network.

Only the nodes with the right permissions will be able to access this Blockchain.

Privacy – Don’t want to key data on a public network that’s why enterprises build a private network.

To test the smart contracts and to develop smart contracts.

Topics

Install Geth on Your System

Create a Folder For Private Ethereum

Create a Genesis Block

Execute genesis file

Initialize the private network

Create an Externally owned account(EOA)

Mining our private chain of Ethereum

Testing Transfer Transaction between Accounts

Testing Deploying Smart Contract

Testing Connecting via Metamask