TokenAire: Introduction to Blockchain Technology & Blockchain Transaction Flow
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This is for all you TokenAires out there. Blockchain Technology & Cryptocurrency is discussed in this video for a foundation to understanding Blockchain Technology.
A Blockchain is a database consisting of a chain of blocks containing encrypted transaction history, which is verified by a decentralized distributed network.
Here's what the flow of a blockchain transaction looks like:
- Tokenaires desire to transact with one another.
- Tokenaires exchange public keys for processing the transaction.
- Tokenaires broadcast the transaction to the network of mining computers for verification.
- Verified Tokenaire transactions are added to a new block and that new block is then added to the chain of blocks once it's filled with transactions records.
Posted from my blog with SteemPress : https://tokenaire.io/blog/ethereum/tokenaire-introduction-to-blockchain-technology-blockchain-transaction-flow/
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