Jun 1, 2020 • 5M

Episode 4 - Transactions and Blocks

 
1×
0:00
-5:15
Open in playerListen on);
    Substack App
    Download MP3
    Get a private RSS link for listening
    Subscribe to Block Shots - Blockchain in 5 minutes! to get a private link for listening in your favorite podcast player. Learn about RSS.

Appears in this episode

Gautam Dhameja
Block Shots provides a basic understanding of the most important blockchain concepts in five minutes. Learn about blocks, transactions, consensus, finality, governance, etc. and many more fundamentals while having your morning coffee, commuting, or whenever you’ve got a moment.
Episode details
Comments

Transactions are small bundles of information that are used to propose updates to the state of the blockchain. Users sign and submit transactions to one or more nodes, and based on their validity, they are executed by all other nodes to update the state of the blockchain.

Transactions are grouped into blocks. Blocks are then processed one-at-a-time to execute all included transactions together.

Music: https://www.purple-planet.com

Share