Blochchain Primer
| Term | Description |
|---|---|
| Blockchain | Think reversed linked list or linked stack |
| Merkle Tree |  To verify transaction Hk is in tree need: HL + Hij + Hmnop + Habcdefgh |
| Merkle DAG | DAG just means you have multiple roots to your tree |
| 10 Minutes Blocks | It takes around 10 minutes for each block to be mined: https://data.bitcoinity.org/bitcoin/block_time/5y?f=m10&t=l |
| Concensus | Think of nodes agreeing on a google-doc these are the blocks of transactions |
| Difficulty | It is difficult to submit changes to the system (the bitcoin blockchain system) |
| has(block+nounce) | Nounce => random guess the random to get 111111 |
| Fork | Two new blocks reference the curren blockchain |
| Fork resolution | They just pick the larger fork |
| namecoin | Blockchain for domain names, distributed KV storage |
| Scripts | Blockchain has simple script language, transfer money |
| New blockchains | People fork the code and need to convince other people to use that coin or whatever |
| ETH | General blockchain, that can run script with simple VM, write data, Turing complete |
| ETH Concensus | You want the data in concensus |
| Resources | https://hackernoon.com/merkle-trees-181cb4bc30b4 |