MIT Blockchain visualiztion : Conclusion of my two day resolutionsteemCreated with Sketch.

in #bitcoin7 years ago

  1. Blockchain basics : Youtube Link:
    1 (
)
Points Learnt:
  • Hash as one way function
  • Blocks - How each block's information is hashed together.
  • Blockchain: How each block chain is like a linked list linking to each other together.
    i. How immutable ledger is maintained.
    ii. How transaction is done. And the calculation of maintained by coinbase. Rather I would say UTXO - Unspent transaction output .
  • There is this second video talking about working and probably importance of Private and Public keys.

    Here is the link:
    https://www.youtube.com/watch?time_continue=2&v=xIDL_akeras

    1. This video talks about how the public and private keys are important.
    2. Provided me with the necessary visualization for how public / private key are all hashed in the block and the entire is signed (after mined) to generate a successful , valid block.
    3. However, it did not talked about the visualization of merkel tree implimentation for the transactions .

    I am planning to relate it with the block chain explorer

    Done! I could get by goals cleared half way. Got some understanding.
    Objective acomplished!!!

    Thanks @andersbrownworth for such a nice visualization .

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