Now, we're going to analyze the constituent elements of the blockchain and start with the blocks. As we mentioned earlier, transactions are stored within the blockchain blocks, so each block is composed of two parts:
- A block header, in which the link to the previous block is stored in the form of a hashing checksum digest. This is done to prevent the possibility of altering the transactions stored in the previous block.
- A block body, containing the list of transactions, complete with relevant information (including the amount transferred, the addresses of peers, and so on).
The following diagram shows the structure of Bitcoin blocks and their mutual relationships within the blockchain:
You can check out the image in the following link, https://commons.m.wikimedia.org/wiki/File:Bitcoin_Block_Data.png. As a consequence of how the blocks...
