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Mastering Blockchain, Fourth Edition

You're reading from   Mastering Blockchain, Fourth Edition Inner workings of blockchain, from cryptography and decentralized identities, to DeFi, NFTs and Web3

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Product type Paperback
Published in Mar 2023
Publisher Packt
ISBN-13 9781803241067
Length 818 pages
Edition 4th Edition
Languages
Concepts
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Author (1):
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Imran Bashir Imran Bashir
Author Profile Icon Imran Bashir
Imran Bashir
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Table of Contents (24) Chapters Close

Preface 1. Blockchain 101 FREE CHAPTER 2. Decentralization 3. Symmetric Cryptography 4. Asymmetric Cryptography 5. Consensus Algorithms 6. Bitcoin Architecture 7. Bitcoin in Practice 8. Smart Contracts 9. Ethereum Architecture 10. Ethereum in Practice 11. Tools, Languages, and Frameworks for Ethereum Developers 12. Web3 Development Using Ethereum 13. The Merge and Beyond 14. Hyperledger 15. Tokenization 16. Enterprise Blockchain 17. Scalability 18. Blockchain Privacy 19. Blockchain Security 20. Decentralized Identity 21. Decentralized Finance 22. Blockchain Applications and What’s Next 23. Index

Blockchain

As we discussed in Chapter 1, Blockchain 101, a blockchain is a distributed ledger of transactions. Specifically, from Bitcoin's perspective, the blockchain can be defined as a public, distributed ledger holding a timestamped, ordered, and immutable record of all transactions on the Bitcoin network. Transactions are picked up by miners and bundled into blocks for mining. Each block is identified by a hash and is linked to its previous block by referencing the previous block's hash in its header.

The data structure of a Bitcoin block is shown in the following table:

Field Size Description
Block size 4 bytes The size of the block.
Block header 80 bytes This includes fields from the block header described in the next section.
Transaction counter Variable The field contains the total number of transactions in the block, including the coinbase transaction. Size ranges from 1-9 bytes.
Transactions Variable All transactions in the block.

The block header mentioned...

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