Explain the common structure of blockchains

Technology CommunityCategory: BlockchainExplain the common structure of blockchains
VietMX Staff asked 3 years ago

Blockchains are composed of three core parts:

  • Block: A list of transactions recorded into a ledger over a given period. The size, period, and triggering event for blocks is different for every blockchain.
  • Chain: A hash that links one block to another, mathematically “chaining” them together.
  • Network: The network is composed of “full nodes.” Think of them as the computer running an algorithm that is securing the network. Each node contains a complete record of all the transactions that were ever recorded in that blockchain.