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Blockchain, image, image, image - Coggle Diagram
Blockchain
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Bitcoin
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Bitcoin network: global network of thousands of computers, blockchain keeps a decentralized record of all the transactions
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Key concepts
Disintermediated
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take care, confirm, verifying transfer
Distributed
thousands network computers, share workload
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Hash Function
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Blocks in a Blockchain are linked to each other through the process of cryptographic hashing. Each block is cryptographically hashed and includes the hash from the previous block as part of the hash, this makes it very easy to see if anyone has tampered with any block as changing the value of a hash for a block will automatically "break the chain" and make all the blocks after that block invalid.
Cryptocurrency
digital asset, exchange value between parties.
uses cryptography to secure how it's transferred and to control the creation of new units of that currency
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blockchain
a constantly growing ledger, that keeps a permanent record of all the transaction that have take place, in a secure, chronological and immutable way
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