Blockchain Basics

Blockchain Defined Week 1

ByAdmin July 10, 2021

Blockchain Defined Week 1 >>> Blockchain Basics

The last block created in the Blockchain

The first transaction in each block

The first block of a Blockchain

Any block created by the founder

8893

Private Key of the Sender

Gas Limit

Gas Used

Difficulty

On a SQLite Database

On a centralized immutable ledger

On a SQL Database

On a distributed immutable ledger

These are rewards for miners

These are actual currency that is sent to the receiver of a transaction

These form the inputs and outputs for transactions

These are transaction output that has been expended

centralized trusted

decentralized trustless

decentralized trusted

centralized trustless

A person who just initiates a transaction in the blockchain

Computers that validate and process blockchain transactions and solve the cryptographic puzzle to add new blocks

An algorithm that you can use to calculate the next block in a blockchain

A person who receives money as the receiver of the transaction

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Blockchain Defined Week 1 >>> Blockchain Basics

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