How does a blockchain work - Simply Explained - Deepstash
How does a blockchain work - Simply Explained
How does a blockchain work - Simply Explained
How does a blockchain work - Simply Explained

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How does a blockchain work - Simply Explained

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What's in a Blockchain BLOCK?

Each blockchain block contains:

  1. Data: depends on the type of chain. Bitcoin stores the sender, receiver, and amount.
  2. Hash: a fingerprint that identifies the block. If the content changes the hash will not match and the interference will be detected. 
  3. Hash of the previous block: This is what creates a chain because each block point to its subsequent one. Hashes are not generated en mass because they require a lot of computing power, through a method called proof-of-work.

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vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.