Collection Details
Namespace:
Blockchain001
Dataset:
Collection:
HowitWorks003
Owner:
0xb6f1a558e8799c4ca3d542ae65c2e220c4ef2ba3
Transaction:
Timestamp:
Dec.11.2023 11:19:41 PM
Status:
OnChain
Collection Documents
| _id | Point | View |
|---|---|---|
e0ac8b799405836f58236c046c96e885cb997d2326ca87a672181d041bc65bb23 | Hashing:
Each block is assigned a unique identifier called a hash, which is generated through a cryptographic hashing algorithm. The hash of each block is based on the contents of that block and the hash of the previous block in the chain. | View |
e0ac8b799405836f58236c046c96e885cb997d2326ca87a672181d041bc65bb22 | Mining (for PoW Blockchains):
In Proof of Work blockchains like Bitcoin, miners compete to solve complex mathematical problems. The first miner to solve the problem broadcasts the solution to the network, and if the solution is correct, the new block is added to the chain. | View |
e0ac8b799405836f58236c046c96e885cb997d2326ca87a672181d041bc65bb21 | Consensus Mechanism:
The network participants, or nodes, collectively agree on the validity of the new block through a consensus mechanism. Common consensus mechanisms include Proof of Work (PoW), Proof of Stake (PoS), and others. | View |