What are the core components of blockchain architecture?

Technology CommunityCategory: BlockchainWhat are the core components of blockchain architecture?
VietMX Staff asked 5 months ago

The below-mentioned ones are the core components of blockchain architecture:

  • Node – User/computer within the blockchain architecture.
  • Transaction – It is the smallest building block of the blockchain system.
  • Block – It is used for maintaining a set of transactions that are distributed to all the nodes in the network.
  • Chain – Sequence of blocks.
  • Miners – Specific nodes which perform a block verification process before adding to the blockchain structure.
  • Consensus protocol – Set of rules to carry out blockchain operations.