Tuesday, 25 September 2018

Transactions in BlockChain

Transactions are generally stored in Merkel tree.
  • Each Transactions record is hashed.
  • Transactions are hashed and paired again.
  • Process repeats until there is only one root hash.
  • Each Transactions Record is Signed By Private Key of the Sender.
  • The Signature is appended with the transaction.
  • At Any point of time it can be validated that transaction is initiated by particular sender.
  • The Public Key of the Sender can be used to generate the signature which can be validated.
  • Lot of other cryptography arrangements can be used for further securing the transaction records.

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