Blockchain workflow and challenges
Moving on in the blockchain, let's take a deeper dive in the blockchain domain and understand how does blockchain work and what are some of the challenges while working with blockchains. First, let's see a basic blockchain So as discussed in the previous blog, this is how the linked list gets connected, the next element in the blockchain consists of the Hash value of the previous element in the blockchain and so on. Blockchain lexicon update Decentralized Ledger - The ledger for cryptocurrencies is maintained in a decentralized manner, wherein the same ledger is given to all the compute nodes thus there is no centralized node that manages everything thus the risk - wherein one node goes down, leading to the closure of the entire bank - is dislodged. Now let's see something that's there in the blockchain and is very much important but is not talked about i.e. Double Spend Attack As the name is self-explanatory, a Double Spend Attack (SDA) is so