MIT Blockchain visualiztion : Conclusion of my two day resolution

in #bitcoin7 years ago

  1. Blockchain basics : Youtube Link:
    1 (

    Points Learnt:
  2. Hash as one way function
  3. Blocks - How each block's information is hashed together.
  4. Blockchain: How each block chain is like a linked list linking to each other together.
    i. How immutable ledger is maintained.
    ii. How transaction is done. And the calculation of maintained by coinbase. Rather I would say UTXO - Unspent transaction output .

There is this second video talking about working and probably importance of Private and Public keys.

Here is the link:
https://www.youtube.com/watch?time_continue=2&v=xIDL_akeras

  1. This video talks about how the public and private keys are important.
  2. Provided me with the necessary visualization for how public / private key are all hashed in the block and the entire is signed (after mined) to generate a successful , valid block.
  3. However, it did not talked about the visualization of merkel tree implimentation for the transactions .

I am planning to relate it with the block chain explorer

Done! I could get by goals cleared half way. Got some understanding.
Objective acomplished!!!

Thanks @andersbrownworth for such a nice visualization .