August 2018
Beginner to intermediate
94 pages
2h 37m
English
Content preview from Learn Bitcoin and Blockchain
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Representing the blockchain structure
Now, we will look at the overall structure of the Bitcoin blockchain header in the following diagram:
In this example, Block 16 represents the previous block's hash and consists of the timestamp of creation, the transaction root is also known as the Merkle root, and the nonce is the algorithm-cum-counter that has to be verified. All of the hidden information on the transactions is hashed again, and that hash is captured in Block 17. It consists of the previous block's hash, the timestamp, the Merkle root, and the nonce.
In the sections for Data 1, Data 2, Data 3, and Data 4 in the preceding diagram, all ...
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