From fe72491dea7cc6c00e86e3f8dc9a6dde10658554 Mon Sep 17 00:00:00 2001 From: necrashter Date: Sun, 24 Apr 2022 21:37:51 +0300 Subject: Clarifications on transactions and blocks --- content/block_docs.md | 21 ++++++++++++++++----- 1 file changed, 16 insertions(+), 5 deletions(-) (limited to 'content/block_docs.md') diff --git a/content/block_docs.md b/content/block_docs.md index 2eec2ac..3c47231 100644 --- a/content/block_docs.md +++ b/content/block_docs.md @@ -9,7 +9,8 @@ weight = 10 We use Blocks to commit proposed [Transactions](@/transaction_docs.md) to the ledger in order to realize them. `transaction_list` of the Block is filled with valid transactions. -Blocks are valid when they are proposed with a `nonce` that produces a `hash` value with 6 zeroes (24 bits) at the left hand side. +In order to create a valid block, the proposer must find a suitable `nonce` value that makes the `hash` of the block valid. +The properties a valid hash should have will be explained in subsequent sections. We are _mining_ using [blake2s](https://www.blake2.net/) algorithm, which produces 256 bit hashes. Hash/second is roughly {{ exp(num="20x10", exponent="3") }} on my machine, a new block can be mined in around 4-6 minutes. @@ -35,16 +36,24 @@ hash: String ``` ## Coinbase -The proposer of the block is identified by the first transaction in the `transaction_list`. -This transaction is called the *coinbase* and will get awarded the block mining reward for their work. +The proposer of the block is identified by the source of the first transaction in `transaction_list`. +This transaction is called the *coinbase*, and its source will get awarded by the block mining reward for their work. +The amount of the reward is determined by `block_reward` field of [`/config`](/config). -> Place one of your own transactions as the first item in `transaction_list` +> Place one of your own transactions as the first item in `transaction_list`. +> Otherwise, someone else will receive the reward! # Mining The _mining_ process for the hash involves; -- Creating a temporary JSON object with `transaction_list`, `timestamp` and `nonce` values +- Creating a temporary JSON object with `transaction_list`, `nonce`, and `timestamp` values - Serializing it + - **NOTE:** Serialized JSON must comply with the rules explained in hash section of [transaction](@/transaction_docs.md) page. + - The order of keys should be as follows: `transaction_list`, `nonce`, `timestamp`. - Calculating blake2s hash of the serialized string +- Checking if the hash is valid + - The hash is considered valid if its hexadecimal representation starts with an arbitrary number of zeros. + - This number is given by `hash_zeros` field of [`/config`](/config). + - For instance, if `hash_zeros` is 6, a valid hash must start with 6 hexadecimal zeros. If the resulting hash is valid, then you can create a `Block` JSON object with the found `nonce` and `hash`. @@ -54,6 +63,8 @@ Fill this with the `hash` value you found during the mining process. # Block Rules - Blocks have to include a minimum number of transactions. + - `block_transaction_count` field of [`/config`](/config) yields this value. + - See [misc Page](@/misc_docs.md) for more information about configuration. - Blocks cannot have duplicate transactions. # References -- cgit v1.2.3-70-g09d2