- Why is it important that the blocks are cryptographically linked together?
Ton incentivize the miners to play by the rules. It makes it extremely difficult, actually impossible, for a miner to go and change a previous block without it creating a cascade of change in the rest of the blockchain; that way it makes more sense for a miner to mine according to the rules than to try to cheat, because thatās how heāll make money.
- What does the block structure look like in bitcoin?
In each block, there is The previous blockās hash, the transaction list of the present block, and a nonce randomly chosen to obtain a hash that corresponds to certain target number.
Questions ( if they get answered further in the course, I can wait ); how is the target number determined, is it by algorythm Iām assuming?
And what makes a miner good or netter than another, it seems like its more about computer power than anything else?