Author

Topic: Understand how Blockchain works (Read 642 times)

hero member
Activity: 1568
Merit: 502
July 14, 2017, 05:24:18 AM
#5
Great illustration.

But Blockchain and cryptography are two separate branches of quantum physics. And bitcoin is a combination of these two technologies. Blockchain and cryptography create cryptocurrency.
full member
Activity: 434
Merit: 100
July 12, 2017, 12:12:07 PM
#4
Very good illustrations! Are you its author?
full member
Activity: 546
Merit: 103
July 11, 2017, 03:06:21 AM
#3
Thanks for sharing this information, I suppose it's really useful for the beginners who don't know where to start their study from.
hero member
Activity: 1106
Merit: 638
June 05, 2017, 12:37:52 AM
#2
I think this is a good start.

What's missing is the miner's complete role in this - how, when, and why are they getting paid?

And to make it more beginner user friendly you should and more detail about wallets, addresses, public and private keys, what happens when the transaction produces change, how fees are set or established, the reasons why transactions may not be confirmed quickly, and why so many confirmations are required for a seemingly easy or small transaction.

You could produce a view different versions using the same format and layout to explain different elements of a transaction, produce a short book that could be shared and passed on for decades to spur greater and greater adoption!

Thanks for sharing, and for the work it takes to put it together.
sr. member
Activity: 336
Merit: 250
Let's PUT IN!
June 04, 2017, 03:04:35 AM
#1

Jump to: