Homework on Blockchain and Mining Visually - Questions

1. It is important that the blocks are crytographically linked together to ensure the security and integrity of the block chain. Any change destroys the integrity of proceeding blocks.

2. The block structure looks like a chain of discrete data. Each block contains data, the hash of the previous block, the nonce and the hash of the current block.
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  1. It ensures to make it really difficult to catch up to current miners. A change in the block of transactions will alter the hash. The subsequent blocks links will be broken. The miners will need to re-mine this again and it is very time consuming and not worth the cost.

  2. The block is made from transactions in the current block, previous hash and a nonce. This is then hashed until it is below the target.

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  1. Each hash is based off the data in the previous block; the chain of blocks results in a structure in which each block and hash is securing all of the blocks that follow
  2. Block - Hash - Block - Hash - Block, where each hash is generated by SHA256(previous block)
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  1. Why is it important that the blocks are cryptographically linked together?
    That way any change to a block would invalidate it only that block but also all the following blocks.

  2. What does the block structure look like in bitcoin?
    The block structure has:

  • block number
  • nonce
  • transaction list
  • hash of previous block
  • hash of current block
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1.Why is it important that the blocks are cryptographically linked together?
To make sure the blockchain is safe and no if someone change pervious blockchain all the link would be broken

2.What does the block structure look like in bitcoin?
Previous hash + current transactions + nonce

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  1. Why is it important that the blocks are cryptographically linked together?

When the blocks are cryptographically linked together, this makes it essentially impossible to modify past blocks. This provides the characteristic of immutability to the blockchain.

  1. What does the block structure look like in bitcoin?

The block structure looks like a chain of blocks. Inside each block there is a hash number, a list of newly added transactions, a nonce number, and the hash from the previous block.

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1. Why is it important that the blocks are cryptographically linked together?
To preserve the following properties of blockchain
o Security
o Immutability
o High availability
o Finality
o High transparency
o Improved traceability:
o Increased efficiency and speed:
2. What does the block structure look like in bitcoin?
Since bitcoin uses SHA-256 to generate hash functions, block structure of bitcoin will consists of hashes with fixed 256 bit size.
The information contained inside the block will be previous hash, transaction list, time stamp and nonce.

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  1. It is important because it insures trustlessness. By linking blocks together cryptographically it means no one can go back and change any transactions and makes it immutable.

2.The block structure includes the hash function from the previous block, the merkle root hash, the transaction data in the current block, the time, the current target number and a nonce. All of this information is used to create a new hash for the current block.

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  1. So that no one is able to make any change to the transcations. If they are changed then the hash changes for that and all future blocks. Then cryptographically link gets break
  2. Block No. + Current Transcation (UTXO) + Nonce + Previous Block Hash + Current Block Hash
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Blocks are cryptographically linked together to prevent data from getting changed and to make data immutable.

A Block contains hash of previous block, list of transactions and nonce.

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  1. because this “linked” design of blockchain ensures that nobody can change the the state of the blockchain without an almost impossible, mega-huge malicious attack that would require years and years and lots and lots of money to succeed. By changing one small block info, all previous linked blocks change and one would have to remine them all, while the network at the same ime would keep moving forward with new blocks, basically rejecting the altered blockchain according to the “consensus rule on the longest blockchain”

  2. In the block we have the block information (input, outputs, id and other relevant block info), the previous block hash ID and the nonce.

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Why is it important that the blocks are cryptographically linked together?
To maintain security and immutability of the blockchain.
What does the block structure look like in bitcoin?
Each block contains a hash of the previous block, block number, the current blocks transaction data, nonce, and hash of current block

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  1. Why is it important that the blocks are cryptographically linked together?
    Answer: It is important that the blocks are cryptographically linked together in order to prevent any nefarious activity of miners and users. This prevents any alterations in the ledger of transactions. If an alteration were made, then the link to the next block would be broken or invalid as well as all blocks after making remining all invalid blocks exponentially difficult and infeasible.

  2. What does the block structure look like in bitcoin?
    Answer: The block structure of bitcoin includes the nonce plus data of transactions plus the hash of the previous block, which all together create the hash of the current block.

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1). It is important for the blocks to be linked together in order for the sequence from one block to the other block is set and secured via the network.

  1. Block starts from the reward and moves in sequence, there is a unique and random number called a nonce generated, the data contained in the block as a transaction for example, the hash of one block on the chain followed by the hash of the next block in the sequence.
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Why is it important that the blocks are cryptographically linked together?
What does the block structure look like in bitcoin?

  1. Its important that the blocks are cryptographically linked together because its serves as a security feature. It keeps the data within the blockchain truthful, one small change within the input will stick out like a soar thumb.

  2. A block structure on a high level is as follows:
    -HASH
    -Previous block hash
    -Transactions
    -Nonce

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1: It is required for security. It forces someone attempting to alter a block to alter all subsequent blocks.
2: The hash of the previous block. The transactions of this block. The nonce. The hash of this block. A timestamp and block number.

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Q). Why is it important that the blocks are cryptographically linked together?
A).The link is sessentialfor the security and immutability of the blocks in the chain.(Tamper proof).

Q).What does the block structure look like in bitcoin?

A).The Bitcoin protocol is built on the blockchain. In a research paper introducing the digital currency, Bitcoin’s pseudonymous creator Satoshi Nakamoto referred to it as “a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” (trustless)

Block header in Bitcoin has following structure:

version
previous block hash
merkle root hash
timestamp
difficulty
nonce

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Homework on Blockchain and Mining Visually - Questions

  1. Why is it important that the blocks are cryptographically linked together?
    because it ensures the inmutability of the blockchain
  2. What does the block structure look like in bitcoin?
    I dont understand this question
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Homework on Blockchain and Mining Visually - Questions

  1. Why is it important that the blocks are cryptographically linked together?

  2. What does the block structure look like in bitcoin?

  3. For security reasons. If a change is done the link will break

  4. The block contains data ,a hash and hash from previous block and also a random number called nonce that needs to be guessed

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What does the block contain?

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