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Item Block Size Block Header Counter Transactions Description The size of block in bytes Block Header with various fields Counts the total transactions Transactions in the block Table 1: Structure of a block The block consists of a block header as one of its components. Block header is the summary of the contents of the block itself. It consists of the following six components as shown in Table 2. Version Previous block hash Merkle root Timestamp Difficulty target Nonce Version Number Reference to the hash of the parent block in the blockchain Hash of the root of the Merkle tree of the block transaction Creation time of the block Difficulty target to the Proof of Work algorithm Counter used for Proof of Work algorithm Table 2: Structure of block header Here, the root consists of the useful summary of every transaction in the block without having to look at each transaction. The overall structure of a block is shown in Figure 12. The blocks in a blockchain are linked together in such a way that present block has the hash of its previous block. The link of blocks in blockchain is shown in Figure 13. Since every new block is linked with each other in a blockchain, we can trace any block all the way back to the Genesis block [9]. This dependency and binding of the block together with each other makes it robust against potential hackers to tamper with any block in a blockchain. This is because change of information in any block in blockchain results change in the hash of present block causing error on the previous block which causes the error on its previous block and so on. The overall structure of a block is shown in Figure 12. 16PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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