"Daibile" is the acronym for Dumb and Insecure Blockchain Implementation Learning Exercice
It has to be pronounced in the French way [debil] which means moron.
Again, learn by doing.
How does a blockchain work?
There is a lot of literature on the subject.
My goal was simply to be able to naively imagine how a blockchain works.
It's also an opportunity to practice Python 😊
Everyone is talking about it, but beyond the background noise in which everyone says what they understand about blockchain or bitcoin, I was left with many questions:
- What is a wallet?
- What are keys and address?
- How does a transaction work?
- What is an UTXO?
- How do you ensure that you actually own the tokens being traded?
- How is the information transmitted to the network?
- How do nodes validate transactions?
- How are transaction fees charged?
To make sure I understood how it worked, there was only one thing to do: do it.
What I have understood so far:
- What an address is.
- What a transaction consists of.
- How a transaction between 2 addresses is carried out.
- How the initiator of the transaction proves that he owns the funds he transfers.
- How a node ensures that the transaction is valid.
- ...