How does a blockchain work - Simply Explained - Deepstash
What Is Opportunity Cost

Learn more about crypto with this collection

The impact of opportunity cost on personal and professional life

Evaluating the benefits and drawbacks of different choices

Understanding the concept of opportunity cost

What's in a Blockchain BLOCK?

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.ย 
  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.

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