Blockchain Transaction Processing
Suyash Gupta, Mohammad Sadoghi

TL;DR
This paper provides an overview of blockchain technology, focusing on its structure, transaction processing, and core properties like immutability, highlighting its role in digital currency systems.
Contribution
It offers a foundational description of blockchain architecture and transaction mechanisms, emphasizing the importance of immutability and distributed ledger consistency.
Findings
Blockchain maintains an append-only linked list of blocks.
Transactions act on a shared ledger across nodes.
Immutability is a key property of blockchain systems.
Abstract
A blockchain is an append-only linked-list of blocks, which is maintained at each participating node. Each block records a set of transactions and their associated metadata. Blockchain transactions act on the identical ledger data stored at each node. Blockchain was first perceived by Satoshi Nakamoto as a peer-to-peer digital-commodity (also known as crypto-currency) exchange system. Blockchains received traction due to their inherent property of immutability-once a block is accepted, it cannot be reverted.
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