Understanding Merkle Trees, Blockchain, and Digital Signatures
Merkle Trees and Data Verification
A Merkle Tree is a method of structuring data that allows a large body of information to be verified for accuracy extremely quickly and efficiently. Every Merkle tree results in a single string of data, known as the Merkle root. With the Merkle root, plus a few other pieces of data, any computer can efficiently validate all of the other entries in the Merkle tree. Merkle trees are used in distributed systems for efficient data verification. They are efficient because they use hashes instead of full files. Hashes are ways of encoding files that are much smaller than the actual file itself.
Key Blockchain Components
- Block: A block, sometimes called a physical record, is a sequence of bytes or bits, usually containing