Practical Blockchains and Cryptocurrencies: Speed Up Your Application Development Process and Develop Distributed Applications with Confidence

© Karan Singh Garewal 2020

K. S. GarewalPractical Blockchains and Cryptocurrencieshttps://doi.org/10.1007/978-1-4842-5893-4_9

9. Cryptocurrency Transaction Processing

Karan Singh Garewal¹ 

(1)

Toronto, ON, Canada

 

In a cryptocurrency network such as Bitcoin or Helium, the fundamental unit of interaction is a transaction where value is transferred from one entity to another. In this type of network, the blockchain is an immutable, distributed ledger of all of the transactions that have transpired on the network. Value is transferred from one public address to another public address. We can examine and enumerate all of the transactions associated with a public address by scanning the entire blockchain for transactions that involve this address. In fact, ...