What is The functions of Bitcoin?\u00a0 What is Bitcoin? The answer is Distributed Ledger.
\nFor example: Suppose you have three siblings, Bo Bo and Nini. My father said, “Coco.” Bo Bo and Ni
\nThe Reds were given 100 kyats each. The next day, Bo Bo borrowed 20 from Nini.
\nCoco gives Nini 50 monkeys – forgets the record of deals
\nLet’s say you bookmarked a Ledger list for fear of leaving.
\nThe Ledger list is not owned by one person, but by three identical people
\nDistributed Ledger This is how it is copied and pasted
\nFor One can not add on his own. Add the other two
\nThe other two will not be accepted because they are no longer on the list. So what’s more?
\nIf so, it can be added only if all three agree, and all three lists must be added in the same way. This
\nBy the way, you get a list that is free of fraud.
\nNote that this Ledger list only records transaction history. To
\nWhat is the total amount of money you have? What is the total balance of Nini?
\nInformation such as Balance is not stored. Therefore Add a transaction record
\nIf so, the previous transaction record to see if there was any money to actually make the deal
\nYou have to search and check in For example, if Ko Ko pays Bo Bo 50 kyats for bread, he will get 50 kyats from Ko Ko.
\nYou only need to check the list to see if it really exists.<\/p>\n
Calculating is not easy. So, father, who did that?
\nIf you calculate one, you get 1 kyat prize. It means you have to sign up.
\nYou can not edit a list if you edit it fraudulently. All three must be corrected. Therefore
\nOne night someone tries to take all three lists and edit them. But I can’t.
\nBecause the entry was written using Permanent Marker, delete it
\nBecause it can no longer be. Take a look at the current spreadsheet and rewrite it
\nIt will be obvious that this is not the case.
\nThis is because the list is entered in the ledger. In the list of entries for digital data
\nA technology called blockchain is used to achieve this irreversible nature
\nAre used Blockchain? It’s a list. It alone is not complicated. It is easy to understand. The simplest
\nThe structure of a blockchain is similar to that of a blockchain.<\/p>\n
Each block contains three items: Data, Previous Hash, and Hash. the first
\nBlock is called Genesis Block. There is no Previous Hash for that Genesis Block.<\/p>\n
Here are some questions to ask.
\n1. What if the last year was fixed without interruption?
\n2. In addition to intercepting, there are no blocks that become invalid after editing
\nWhat if everything is fixed?
\nHere are some steps you can take to begin the process of preparation for mediation.<\/p>\n
If you are about to add a new block to your blockchain, you must follow these steps
\nTherefore, there are The first step is to verify that the information you want to enter is correct
\nMust be able to confirm
\nEnter the Payment Log Transaction field in the Block Data field of the sample Blockchain
\nIt is set. In fact, any type of information you want to store in the Block Data field
\nYou can save any food. If you want to save the transaction record
\nYou do not have to block a transaction. Transaction in one block
\nFifty lines One hundred reasons. It can be archived.
\nIn the example, who has the balance of the payment transaction receipts?
\nNote that the amount is not stored. The same goes for Bitcoin
\nIt does not say who has the remaining balance. If you know the balance
\nIt must be calculated from the payment record.
\nFor example, if Coco adds a new block that gives Bo Bo 30, then Ko Ko is true.
\nYou need to know if you have a balance of 30. So let’s do the math<\/p>\n
1. My father gave 100 to Ko Ko.
\n2. Coco gave Nini 50.
\n3. So Koko has 50 left.
\nOnly then can you add a block with a transaction record that says Coco gave Bo Bo 30.
\nIn this example, there are only three or four blocks, so it does not matter. In fact, there are more users
\nOver time, a blockchain can grow from a hundred to a thousand blocks. One million Millions<\/p>\n