2. Node 3
Node 6 Node 5
Node 4Node 1
Node 2
Steps:
1. Transaction Details Stored
2. Visibility of Transaction Details
3. Making this central “Ledger” to
distributed “Ledger”
Advantages:
1. Visibility
2. If Node 1 sends an invalid
transaction than it will get cancelled
3. Security as each transaction is
digitally signed
Distributed Ledger:
1. Distributing the “Central Ledger” to “Miners”
2. “Miners” are the nodes which handle the
transaction
3. Voting by the “Miners” to take the new
transaction
4. Winners are rewarded
Central Ledger
Block Chain Technology
3. Node 3
Node 6 Node 5
Node 4Node 1
Node 2
Steps:
1. Transaction Details Stored
2. Visibility of Transaction Details
3. Making this central “Ledger” to
distributed “Ledger”
Distributed Ledger:
1. Distributing the “Central Ledger” to “Miners”
2. “Miners” are the nodes which handle the
transaction
3. Voting by the “Miners” to take the new
transaction
4. Winners are rewarded
Central Ledger
Block Chain Technology
4. Node 3
Node 6 Node 5
Node 4Node 1
Node 2
Steps:
1. Transaction Details Stored
2. Visibility of Transaction Details
3. Making this central “Ledger” to
distributed “Ledger”
Distributed Ledger:
1. Distributing the “Central Ledger” to “Miners”
2. “Miners” are the nodes which handle the
transaction
3. Voting by the “Miners” to take the new
transaction
4. Winners are rewarded
Central Ledger
Miner 2
Miner 4
Block Chain Technology
