A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes.[1][2][3][4] Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). Since each block contains information about the previous block, they effectively form a chain (compare linked list data structure), with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks
Blockchain System Analysis
Blockchain System Analysis
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Blockchain System Analysis
Categories
Recent Posts
- Blockchain System Analysis December 22, 2023
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- 2024 Economic Outlook for Canada December 19, 2023
- Will there be a recession in Canada in 2024? December 17, 2023