August 2018
Beginner to intermediate
94 pages
2h 37m
English
Content preview from Learn Bitcoin and Blockchain
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Workings of blockchain
Now, let's look at how a blockchain implementation works and what all the things are that are involved in completing the flow of execution. Let's take the example of a Bitcoin, shown in the following workflow for blockchain:
In the preceding diagram, we see how blockchain works and the steps mentioned are as follows:
- Let's say someone requests a transaction in Bitcoin; for example, person A wants to send Bitcoin to person B. That person or entity requests a transaction that results in debiting person A's wallet and crediting person B's wallet with one Bitcoin.
- Now, this requested transaction is broadcasted to the P2P ...
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