3.

Practical demonstration blockchain

A blockchain has a list of blocks.

It starts with a single block, called the genesis block.

Each block stores the following information:

Index:
The index is the position of the block in the chain.
The genesis block has an index of 0. The next block will have an index of 1.

Timestamp:
A record of when the block was created.
The timestamp helps to keep the blockchain in order.

Hash:
A hash looks like a bunch of random numbers and letters.
It is a alphanumeric value that uniquely identifies data, or the "digital fingerprint" of data
Previous Hash:
The previous hash is the hash of the previous block.
The genesis block's previous hash is "0" because there is no previous block.

Data:
Each block can store data against it.
In cryptocurrencies such as Bitcoin, the data would include money transactions.

Nonce:

The nonce is the number used to find a valid hash.

To find a valid hash, we need to find a nonce value that will produce a valid hash when used with the rest
of the information from that block.

Block Hash Calculation:

A hashing function takes data as input, and returns a unique hash.

f ( data ) = hash
Since the hash is a "digital fingerprint" of the entire block, the data is the combination of index,
timestamp, previous hash, block data, and nonce.
f ( index + previous hash + timestamp + data + nonce ) = hash
ADDING a New Block:
To mine another block to the blockchain, fill out the data input and click the button.

PEER -TO- PEER Network:

A global network of computers work together to keep the blockchain secure, correct, and consistent.

ADD PEER:
Click the button to add a peer to the network.

PEER STATUS :
Peers have three states:
1. Currently Active
2. Connected
3. Disconnected
PEER MESSAGES:
Peers ask for each other's blocks to determine who has the most up-to-date blockchain.

BLOCKCHAIN DEMO 2.O

A blockchain is a distributed database secured by cryptography. It is the technology
behind Bitcoin.

This demo will guide you through the blockchain step-by-step. This demo is also
covered in thisTo jump between steps, hover on the title of this dialog and select a step.