ABCDEFGHI
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PROLOGUETHE NETWORKTHE NODETHE BLOCKCHAINTHE BLOCKTHE TRANSACTIONTHE SIGNATURETHE VALIDATIONEPILOGUE
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SectionSectionSectionSectionSectionSectionSectionSectionSection
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Opening CreditsNetwork OriginConnection to Other NodesTime KeepingGenesis blockTransaction HeaderCreating addressPublic KeyElectricity Consumption
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Search for MoneyConnected NodeBlock and message propagationMining (growing the chain)Genesis message ↳ Transaction IDxpriv
ECDSARegenerative Energy Conversion
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Reliance on GoldRole of NodesDifferent ImplementationsBlocks ValidationFull BlockInputsxpub ypubSHA256Energy Conservation
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DecentralizationPeer-2-Peer NetworkMining NodeProof-of-WorkThe Block Data ↳ UTXO indexScript Stack Based Hash FunctionVoluntary Collectivism
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Stranded and Wasted EnergyPricingMempoolEnergyblk#####.dat filesOutputsReverse Polish NotationModEfficiency Gains
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Multi-layered networksVS central banksDifficulty adjustmentBlock Header ↳ AddressScript typesFinite FieldsLower Time Preference
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ResponsibilityUnit of account and biasSubsidyMerkle root ↳ AmountP2PKPrimesLong Term Planning
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White paper Transfer social valueSyncing with the networkPrevious hash reference ↳ FeeP2PKHOptimistic Potential
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ScalingVerifying supplyNonce ↳ ChangeP2MSAbsolute Truth
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Second LayerNew BlockTransactionsP2SHThe End
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Mining NodesOrphan BlocksMining RewardNULL DATA
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Listening NodesForksNew Block MiningSchnorr Signatures
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Data PropagationSoft ForksFeesTraproot
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Hard ForksEmpty blocks
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Genesis
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