Blockchain architecture is a distributed ledger system consisting of several key components:
Blocks: Data containers holding transaction records, timestamps, and cryptographic hashes
Hash Functions: Create unique digital fingerprints for data integrity (commonly SHA-256)
Merkle Trees: Binary tree structures that efficiently summarize all transactions in a block
Digital Signatures: Cryptographic proofs of transaction authenticity
Consensus Mechanism: Protocol ensuring network agreement on valid transactions
Peer-to-Peer Network: Distributed nodes maintaining synchronized copies of the ledger The architecture ensures immutability, transparency, and decentralization without requiring a central authority.
Rewriting in plainer words…
This answer doesn't lend itself to a diagram - it reads best . No credits were charged.
