How Are Crypto Transactions Processed on the Blockchain?

[Suba]

Blockchain implements a complicated process, because every crypto transaction must be authentic and have integrity, so users must digitally sign it using a cryptographic algorithm that links a private key to a transaction.

After a crypto transaction enters the blockchain, it will first be processed by hashing, which is a digital fingerprint and changes the transaction data into characters, especially to maintain the anonymity and security of the transaction, so that all crypto transactions cannot be changed or corrected. Before the transaction is validated, the node will verify the accuracy of the transaction, while this node uses a consensus mechanism, either PoW or PoS. In the Proof of Work mechanism, after solving the mathematical problem, the miners will add a block to the chain. While in the Proof of Stake mechanism, validators must lock/freeze their crypto in order to validate each transaction.

After the consensus process is complete, the crypto transaction will be validated and recorded in a new block in the ledger and will be linked to the previous block with the chain.

 

[kit_hung]

Every crypto transaction requires a digital signature
You enter your private key to verify that you are making the transaction
This is what secures the security of your transactions in the system

Then your transaction goes through a verification process
Crypto miners have to solve mathematical problems
While others pledge their crypto to verify

All transactions lead to a new block of records
Each block is linked to the previous one
This is the blockchain chain that is very stable

 

[riberet19]

Very well explained, most people don't understand how a transaction or a block of transactions is generated on the blockchain or, therefore, on Blockdag; it's one of the things people find hardest to understand.