EVEDEX Fundamentals

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Blockchain Architecture — Transactions, Consensus, and Decentralization

Module 2
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Lesson 2
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6:58

You will learn to:
– understand the tech behind blockchain;
– see how transactions and blocks get recorded;
– learn how consensus algorithms work;
– understand why blockchain can’t easily fail;
– get the core logic of the system.

Time code

00:00:00 | Introduction to Lesson 2: Blockchain Architecture
00:00:28 | Blockchain Basics: Immutable, Linked Blocks
00:01:25 | Key Components: Transactions, Blocks, Nodes
00:01:57 | Transactions: Direct Crypto Transfers
00:02:21 | Blocks: Storing Transactions Linked by Hashes
00:03:17 | Block Creation: Validation and Consensus
00:03:46 | Consensus Algorithms: Proof of Work, Proof of Stake
00:04:38 | Decentralization: No Single Point of Failure
00:05:41 | Centralized vs. Decentralized: Comparing the Security Level
00:06:23 | Why Decentralization Matters for Users

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