TokenAire: Introduction to Blockchain Technology & Blockchain Transaction Flow

in #tokenaire6 years ago


Check Out The TokenAire Youtube Channel!

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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