Bitcoin Blockchain: A compact introduction to the blockchain of Bitcoin (Applied software science Book 2) by Wolfgang Beer

Author:Wolfgang Beer [Beer, Wolfgang]
Language: eng
Format: epub
Tags: Bitcoin
Published: 2017-01-21T08:00:00+00:00

Bitcoin transactions

Within bitcoin blockchain each block represents a public ledger for all bitcoin transactions made. The block header therefore contains a Merkle tree which organizes the included transactions in a secure hash tree. Within a Merkle tree the leaf nodes are hashed and each branch represents the combined hash value of both child tree nodes. A hash tree structure, such as a Merkle tree, allows the efficient and secure verification of the contents of large transaction structures, as it is shown in Figure 4.

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