This note goes into a memory pool, kind of like a waiting room where all transactions chill before they get checked out.
Miners (or validators, depending on the blockchain) pick up the transactions and start solving crazy math puzzles.
When they solve it, they validate that the transaction is legit.
If you’re trying to send 5 bucks, they make sure you’ve got the 5 bucks to send.
2
2 reads
CURATED FROM
IDEAS CURATED BY
...let's get down to brass tacks, shall we?
“
Similar ideas
Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates