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Reclaiming Disk Space

...──────────────┐ │ │ Block ┌─────────────────────────────┐ │ │ │ Block Header (Block Hash) │ │ │ │ Block Header (Block Hash) │ │ │ │ ...

Simplified Payment Verification

...─────────────────┐ ┌────────────────────────────────────────┐ │ Block Header │ │ Block Header │ ...

Merkle Trees

...o children, recursively building up to a single root hash that is stored in the block header. This hierarchical structure allows anyone to verify that a specific transactio...

Network Architecture

... are created. Miners compete to find a nonce value that, when combined with the block header data and processed through the Scrypt hashing algorithm, produces a hash value ...