Thinking In Bitcoin -by 墨不一.pdfVIP

Thinking In Bitcoin What’s BlockChain and What’s Behind it. 墨不一 1 BlockC 2 BlockC 3 BlockE 4 Design an Electronic Cash Decentralized solution faces 2 difficulties: • Fake Money • Digital Signatures • Double Spend • Block Chain 5 Input Output 6/28/2013 6 Transactions 6/28/2013 7 Balance POWER 6/28/2013 8 Coinbase • The coinbase is the content of the input of a generation transaction. • While regular transactions use the inputs section to refer to their parent transaction outputs, a generation transaction has no parent, and creates new coins from nothing. 6/28/2013 9 Transactions 6/28/2013 10 Input Output 6/28/2013 11 Blocks • Data is permanently recorded in the Bitcoin network through files called blocks. • A block is a record of some or all of the most recent Bitcoin transactions that have not yet been recorded in any prior blocks. 12 BlockChain • A block chain is a transaction database. • Every block con