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[[blockchain]] [[blockchain]]
== The Blockchain == The Blockchain
The blockchain is the history of every confirmed Bitcoin transaction. The ((("blockchain", "explained", id="blockchain-explain")))blockchain is the history of every confirmed Bitcoin transaction.
It's what allows every full node to independently determine what keys and It's what allows every full node to independently determine what keys and
scripts control which bitcoins. In this chapter, we'll look at the scripts control which bitcoins. In this chapter, we'll look at the
structure of the blockchain and see how it uses cryptographic structure of the blockchain and see how it uses cryptographic
@ -63,7 +63,7 @@ bitcoin for creating a new block--can be spent.
While the While the
protocol always allows a chain to be undone by a longer chain and while protocol always allows a chain to be undone by a longer chain and while
the possibility of any block being reversed always exists, the the possibility of any block being reversed always exists, the
probability of such an event decreases as time passes until it becomes probability of such an event decreases as time passes until it ((("blockchain", "explained", startref="blockchain-explain")))becomes
infinitesimal. infinitesimal.
=== Structure of a Block === Structure of a Block