What must occur before a transaction becomes part of the blockchain?

7 answers

• Nov 24, 2021 · 3 years ago
  Before a transaction can become part of the blockchain, it needs to go through a process called mining. Mining involves solving complex mathematical problems to validate and confirm the transaction. Miners compete to solve these problems, and the first miner to solve it adds the transaction to a new block. This block is then added to the blockchain, making the transaction permanent.
  385193
• Nov 24, 2021 · 3 years ago
  To become part of the blockchain, a transaction must first be broadcasted to the network. Once it is broadcasted, it is picked up by miners who include it in the block they are currently mining. The transaction needs to be verified by the majority of the network nodes before it can be added to the blockchain. This verification process ensures the transaction is valid and prevents double-spending.
  399133
• Nov 24, 2021 · 3 years ago
  Before a transaction becomes part of the blockchain, it needs to be confirmed by the network. The confirmation process involves multiple steps, including broadcasting the transaction, verifying it by the network nodes, and adding it to a block. Once the transaction is added to a block, it becomes a permanent part of the blockchain. This process ensures the integrity and security of the blockchain.
  400100
• Nov 24, 2021 · 3 years ago
  Before a transaction can be added to the blockchain, it needs to be validated by the network. This validation process involves checking the transaction for its authenticity, ensuring that the sender has sufficient funds, and verifying the digital signatures. Once the transaction is validated, it is added to a block and becomes part of the blockchain.
  35271
• Nov 24, 2021 · 3 years ago
  In order for a transaction to become part of the blockchain, it needs to be included in a block. This block is created by miners who compete to solve complex mathematical puzzles. Once a miner solves the puzzle, the block is added to the blockchain, and the transaction becomes permanent. This process ensures the security and immutability of the blockchain.
  35860
• Nov 24, 2021 · 3 years ago
  Before a transaction becomes part of the blockchain, it needs to be confirmed by the network. This confirmation process involves multiple steps, including broadcasting the transaction, verifying it by the network nodes, and adding it to a block. Once the transaction is added to a block, it becomes a permanent part of the blockchain. This process ensures the integrity and security of the blockchain.
  40158
• Nov 24, 2021 · 3 years ago
  Before a transaction can be added to the blockchain, it needs to be validated by the network. This validation process involves checking the transaction for its authenticity, ensuring that the sender has sufficient funds, and verifying the digital signatures. Once the transaction is validated, it is added to a block and becomes part of the blockchain.
  35244