Category Archives: bitcoin
Bitcoin Blockchain – What is Proof of Work?
In this post, you will learn about what is proof of work in a Bitcoin Blockchain. Simply speaking, the proof of work in computing is used to validate whether the user has put enough effort (such as computing power) or done some work for solving a mathematical problem of a given complexity, before sending the request. For example, Go to any online SHA 256 calculator tool and try using a random number with the text “Hello World” as shown in the below screenshot. If the difficulty target is set as the hash value starting with one zero, you could see that the random number 10 results in hash value starting with zero. The number 10 …
Blockchain – Bitcoin Explorer Relaunched
Here is the newly launched portal, https://explorer.bitcoin.com/bch for getting details on Bitcoin (BTC) and Bitcoin Cash (BCH). Front page displays details on latest blocks and transactions. One could easily analyze transactions, blocks, and addresses on both the Bitcoin Cash (BCH) and Bitcoin Core (BTC) chains. All you need to do is select the type of cryptocurrency (BTC or BCH) in the top right vertical menu and you would be able to see the transactions and related details of that specific blockchain. Currently, bitcoin blockchain explorer is supported in five different languages: English Hindi Svenska Chinese Russian Note that Bitcoin cash (BCH) is a cryptocurrency which is used on the Blockchain …
Blockchain – Top 6 Bitcoin Blockchain Explorer
The following are some of the Bitcoin blockchain explorer web applications which can be used to search the transactions, addresses, and blocks and determine the relationships between them. Blockchain Info Bitcoin Block Explorer Insight Bitpay BlockCypher Blocktrail BTC NeoTrackerd Pay attention to some of the following: Height: Height of the block (491105); It implies that 491104 blocks have already been added. Age: Block got created 5 minutes back Transactions: Number of transactions included in the block Size: Size of the block Relayed By:
Sample Bitcoin Block of Bitcoin Blockchain
This blog represents a sample bitcoin block of a Bitcoin Blockchain. Read greater details from this Oreilly book, Mastering Bitcoin. Pay attention to some of the following: Block file format: The block is represented as a file in JSON format Merkle root: Merkle root represents the hash of the root of merkle tree created as a result of combining hash of children nodes. Leaf of the merkle tree represents the hash of the transaction. It takes up 32 bytes of storage. It forms part of Block header. Time: Timestamp when the block is created. It takes up 4 bytes of storage. Forms part of block header. Difficulty: Represents difficult target and takes …
I found it very helpful. However the differences are not too understandable for me