kids encyclopedia robot

Image: Bitcoin Block Data

Kids Encyclopedia Facts
Original image ‎(1,200 × 466 pixels, file size: 33 KB, MIME type: image/png)

Description: Graphic of data fields in Bitcoin block chain. Simplified depiction: some fields are missing. Prev_Hash: hash value of previous block. The purpose is to chain all blocks together. Tx_root: root hash value of a hash tree (w:merkle tree) over all transactions. Timestamp: creation time of block, as seen by block creator. The timestamp is checked by other clients and must be within a certain window (tolerates small clock skews). Nonce: any number to make sure the resulting hash value of this block is below the target hash value. The Nonce is a 32 bit number and the 2^32 number space is exhausted during mining within less than a second. The transactions (Tx0, Tx1, ...) are appended to the block. The first transaction generates new bitcoins and contains the coinbase field which includes an extraNonce to provide a larger search space for valid block hash values.
Title: Bitcoin Block Data
Credit: Own work
Author: Matthäus Wander
Usage Terms: Creative Commons Attribution-Share Alike 3.0
License: CC BY-SA 3.0
License Link: https://creativecommons.org/licenses/by-sa/3.0
Attribution Required?: Yes

The following page links to this image:

kids search engine
All content from Kiddle encyclopedia articles (including the article images and facts) can be freely used under Attribution-ShareAlike license, unless stated otherwise.