Mastering Bitcoin

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Mastering Bitcoin ( mastering-bitcoin )

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The blockchain data structure is an ordered back-linked list of blocks of transactions. The blockchain can be stored as a flat file, or in a simple database. The bitcoin core client stores the blockchain metadata using Google’s LevelDB database. Blocks are linked “back”, each referring to the previous block in the chain. The blockchain is often vi‐ sualized as a vertical stack, with blocks layered on top of each other and the first block ever serving as the foundation of the stack. The visualization of blocks stacked on top of each other results in the use of terms like “height” to refer to the distance from the first block, and “top” or “tip” to refer to the most recently added block. Each block within the blockchain is identified by a hash, generated using the SHA256 cryptographic hash algorithm on the header of the block. Each block also references a previous block, known as the parent block, through the “previous block hash” field in the block header. In other words, each block contains the hash of its parent inside its own header. The sequence of hashes linking each block to its parent, creates a chain going back all the way to the first block ever created, known as the genesis block. While a block has just one parent, it can temporarily have multiple children. Each of the children refers to the same block as its parent and contains the same (parent) hash in the “previous block hash” field. Multiple children arise during a blockchain “fork”, a temporary situation that occurs when different blocks are discovered almost simulta‐ neously by different miners (see “Blockchain Forks” on page 204). Eventually, only one child block becomes part of the blockchain and the “fork” is resolved. Even though a block may have more than one child, each block can have only one parent. This is because a block has one single “previous block hash” field referencing its single parent. The “previous block hash” field is inside the block header and thereby affects the cur‐ rent block’s hash. The child’s own identity changes if the parent’s identity changes. When the parent is modified in any way, the parent’s hash changes. The parent’s changed hash CHAPTER 7 The Blockchain Introduction 163

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