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

How does a blockchain work - Simply Explained

Curated from: Simply Explained

Ideas, facts & insights covering these topics:

1 idea

·

615 reads

12

1

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. 
  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.

54

615 reads

IDEAS CURATED BY

vladimir

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

Vladimir Oane's ideas are part of this journey:

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

Related collections

Similar ideas

Cathie Wood: Time To Sell Stocks?

2 ideas

Cathie Wood: Time To Sell Stocks?

Investing Made Simple - Nathan Sloan

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates