Blockchains Flashcards
1
Q
What is a blockchain?
A
A never-ending book to keep track of transactions. Only one book is the book of records, the longest.
2
Q
How are transactions stored in the blockchain?
A
By organizing transactions in blocks (mining)
3
Q
How is a new block produced?
A
By solving a cryptographic puzzle that is moderatly hard to solve. The more dice, the more likely to produce a page.
