What does a block in blockchain refer to (What does blockchain refer to)?
In blockchain, what does a block refer to? In the Bitcoin network, miners achiev
In blockchain, what does a block refer to? In the Bitcoin network, miners achieve transactions by computing and storing block data. However, for the blockchain system, this is a special mechanism: to maintain the integrity (or security) of the ledger, blocks need to be validated. Since these nodes are independent, unrelated, and have the same proof of work (PoW) mechanism, they are also called “blocks”. It means that a set of transactions is divided into multiple fragments and generates a new block. This consensus protocol allows transaction records to be shared in a data structure, ensuring consistency for each transaction. If no participant can determine whether a specific transaction has been finally confirmed within a certain time period, the operation will take effect immediately.
What does blockchain refer to
So what does blockchain refer to? It mainly has two categories, one is the application within computer systems. One of them is distributed ledger technology (DLT), which aims to record and exchange various data by storing them on the chain. The other one is information sharing achieved by decentralized networks, which is also known as decentralized blockchain. In fact, blockchain is a peer-to-peer network architecture, and its operation principle is similar to the current internet, except that no single node is responsible for maintaining the entire network.
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