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block-chain's Introduction

Block Chain ๐Ÿ”—

A module to understand the working of blockchains for humans.

Code Requirements ๐Ÿฆ„

The example code is in Python (version 2.7 or higher will work).

  1. import hashlib
  2. import datetime

Description โ›“๏ธ

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. A blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way."

The first distributed blockchain was conceptualised by an anonymous person or group known as Satoshi Nakamoto, in 2008 and implemented the following year as a core component of the digital currency โ€“ bitcoin โ€“ where it serves as the public ledger for all transactions.

For more information, see

Results ๐Ÿ“Š

Execution ๐Ÿ‰

To run the code, type python block_chain.py

python block_chain.py

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