Ethereum: Are all transactions of the blockcoin stored in each client?
In the Blockchain Ethereum, the transaction from one person to another is a complex process that involves multiple steps and suppliers. Although the Ethereum protocol was designed to be decentralized and safe, some explanations have suggested that each blockchain customer can know all transactions data.
The theory behind decentralization
The main objective of decentralization in blockchain is to reduce dependence between customers and a single central provider. In a decentralized blockchain network, each client has access to all the transactions that have been made before their application arrives, allowing greater transparency and safety.
How the protocol
works
In Ethereum, each transaction is a small block that contains information such as the amount of Ether (etc.) transferred, the management of the beneficiary, and other additional data. These blocks are concatenated in a sequence to form a confirmation chain called “Block”.
When a client asks for its transaction provider (a “miner”) to provide information about a specific transaction, the supplier must verify the safety and authenticity of the block before sending it to the rest of the customers. This is achieved through a combination of cryptography, HMAC HASH (HMAC-BASED Message Authentication Code) and other security algorithms.
How can I know if all the data is stored in each client?
In theory, there is no explicit way of knowing all the data of the transactions of a specific client. However, there are some considerations:
- Hashes : Each block has a unique hash that identifies its position in the chain. This means that only the transaction provider can generate a hash for a certain block.
- Cryptography : Ethereum transactions use cryptography to ensure the authenticity and safety of data. The hash of each block is used as a password to verify its integrity.
Conclusion
Although there is no explicit way of knowing all the data of the transactions of a specific client, the Ethereum protocol was designed to be decentralized and safe. The combination of cryptography, hashes and authentication ensures that each client has access to a safe confirmation chain that contains all the relevant information about the transactions that have been performed.
It is important to keep in mind that the Ethereum protocol is adapting over time to improve safety and scalability. However, it is essential to remember that you should always use adequate security tools and protocols to protect your transactions and personal information.