Josemendez
Verified member
Blockchain and it's operations is sometimes quite confusing. In this lesson , I will showing how cryptocurrency transactions gets to the blockchain .
1 . Whenever we initiate a transaction , and the transaction authenticated , A block is created. This block represents the transaction.
2. The block is sent to every node on the network( A node is a computer that is connected and supports a cryptocurrency network ), and these nodes validate the transaction
3. The block is thus added to the existing blocks in the blockchain, and the update is distributed over the network. This is normally what happens whenever we are seeing waiting for confirmation. After , this update , the transaction is completed.
This is why blockchain can't easily be hacked because , one needs to hack individual blocks in other to control the blockchain.
1 . Whenever we initiate a transaction , and the transaction authenticated , A block is created. This block represents the transaction.
2. The block is sent to every node on the network( A node is a computer that is connected and supports a cryptocurrency network ), and these nodes validate the transaction
3. The block is thus added to the existing blocks in the blockchain, and the update is distributed over the network. This is normally what happens whenever we are seeing waiting for confirmation. After , this update , the transaction is completed.
This is why blockchain can't easily be hacked because , one needs to hack individual blocks in other to control the blockchain.