Block Visualization

[varadhbhatnagar]

I have created subheadings inside the block. Lets try to fill them one by one is simple words.

[varadhbhatnagar]

https://bitcoin.stackexchange.com/questions/70274/why-do-some-blocks-not-have-miners-name-identity/70276#70276 @Tusharchoudhary Sir can you understand? because I could not. [Solved]

[Tusharchoudhary]

@varadhbhatnagar is this still unsolved ?

[varadhbhatnagar]

@Tusharchoudhary Please comment on format of the transaction i.e. One Input - One Output and so on... I have documented a snap of the transaction structure. Also, strike through text in Bitcoin Transactions is not clear to me.

[Tusharchoudhary]

A transaction is a transfer of Bitcoin value that is broadcast to the network and collected into blocks. A transaction typically references previous transaction outputs as new transaction inputs and dedicates all input Bitcoin values to new outputs. Transactions are not encrypted, so it is possible to browse and view every transaction ever collected into a block. Once transactions are buried under enough confirmations they can be considered irreversible.

Standard transaction outputs nominate addresses, and the redemption of any future inputs requires a relevant signature.

All transactions are visible in the block chain.

transaction wiki

A Bitcoin wallet is a collection of private keys but may also refer to client software used to manage those keys and to make transactions on the Bitcoin network.

Each user's Bitcoins are stored in a program called a digital wallet

[Tusharchoudhary]

@varadhbhatnagar you want to discuss the example in the wiki ?

[varadhbhatnagar]

@Tusharchoudhary I understood it with the help of this video here : https://www.youtube.com/watch?v=Lx9zgZCMqXE.

[Tusharchoudhary]

document in doc