In this post I will get answer to How Does Bitcoin Blockchain Work Explained By Blockchain Developer.
How Does Bitcoin Blockchain Work Answered Step by Step Guide
SECTION A: Text-Based Answer
I have a full video covering detailed answer to this in section B and the content of the video is outlined below:
(1) What Is Bitcoin?
Bitcoin is the first cryptocurrency to ever exist in 2009 by an anonymous developer Satosi Nakamoto.
(2) What Is Bitcoin Blockchain?
Bitcoin Blockchain is the first Blockchain on which Bitcoin is mined, stored and transacted.
(3) What Is Cryptography?
Cryptography is the processes of hashing a content to encrypt from normal human meaningful format using cryptographic hash functions.
(4) How Is Bitcoin Blockchain Secured?
Bitcoin Blockchain is secured and practically unbreakable due to the use of a one way hash function known as SHA256 which can only give output but the output can not practically be used to decode the original input. Making the content secured.
Just like it is practically impossible to regain raw fruits as a whole after it has been blended together into a juice.
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SECTION B: Video-Based Answer
Watch me answering your question “How Does Bitcoin Blockchain Work” in a video step by step:
SECTION C: Source Code For Above Answer
No Source codes available for this particular post. Check Section A & B above for answers in text and video format. Thank YOU!