The private key of the account owner is used for encoding the encoded

message, and it can be decoded by anyone using the public key that has

been registered as the sender in the ledger. A transaction chain is a way of

safeguarding the integrity of transactions. Transactions that are thought of

as having happened at the same time are grouped into blocks. A chronology

of the transactions is provided by the chain of blocks.

Conflict

The multiple miners, when creating blocks at roughly the same time, a

conflict is said to occur.

Fork

When the blockchain in a distributed ledger splits into two competing paths

forward, which then need to be resolved, a fork arises.

Ethereum

It is open access to digital money and data-friendly services for everyone,

no matter what your background or location is.

Directed acyclic graphs (DAG)

A mathematical model on a base protocol is used consisting of transactions

that propagate uni-directionally is the unique way of solving the scalability

challenge.

Block

It is a data structure containing a block header and block data.

Checksum

The value is computed on data to detect error or manipulation.

Cryptocurrency

It is a digital asset within the system cryptographically sent from one

blockchain network user to another.

Merkle tree

The data is hashed and combined until there is a singular root hash that

represents the entire structure in a Merkle tree.