Hey 👋

Today I will explain How Does Blockchain Work. Hope this article will help you all to understand blockchain consensus. So let's dive into the ocean 🌊 of blockchain.

The Process ♻️

Firstly, a user or a node will initiate a transaction signing it with its private key. Basically, the private key will generate a unique digital signature and make sure that no one can alter it. In reality, if anyone tries to modify the transaction information, the digital signature will change drastically, and no one will be able to verify it. Therefore, it will be dismissed. So after that, the transaction will get broadcasted to the verifying nodes. Basically, here, the blockchain platform can use different methods to verify whether the transaction is valid or not. There methods or algorithms are called consensus algorithm.

Hey 👋

Today I will explain How Does Blockchain Work. Hope this article will help you all to understand blockchain consensus. So let's dive into the ocean 🌊 of blockchain.

The Process ♻️

Firstly, a user or a node will initiate a transaction signing it with its private key. Basically, the private key will generate a unique digital signature and make sure that no one can alter it. In reality, if anyone tries to modify the transaction information, the digital signature will change drastically, and no one will be able to verify it. Therefore, it will be dismissed. So after that, the transaction will get broadcasted to the verifying nodes. Basically, here, the blockchain platform can use different methods to verify whether the transaction is valid or not. There methods or algorithms are called consensus algorithm.