Flow when block is created

0

I believe I know what is required to create block.

  • 1.get previous hash(previous block is published)
  • 2.collect transactions
  • 3.proof of work(mining)
  • 4.timestamped
  • 5.audit by other nodes

Please tell me in what order these are done.

mtdkki

Posted 2018-02-09T06:20:45.500

Reputation: 27

Question was closed 2018-02-27T13:43:48.707

This was helpful for me. (https://bitcoin.stackexchange.com/questions/12564/can-a-miner-set-the-exact-timestamp-of-a-block)

– mtdkki – 2018-02-09T12:45:26.783

Welcome to Bitcoin.SE! I see you already have one answer. You may also find the linked question above of value. – Willtech – 2018-02-11T06:28:15.650

Answers

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The order is 1, 2, 3, 5. There is no timestamping; the block itself provides timestamping via the proof of work.

Also, the step 3 is not 'mining', the whole process is what is called mining.

Andrew Chow

Posted 2018-02-09T06:20:45.500

Reputation: 40 910

Asked: 2018-02-09T06:20:45.500

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Active: 2018-02-13T16:26:13.420