Candidate Block

Written by Max Hinchman

Introduction

The candidate block is the block that the miner first mines in order to receive the block reward. Whenever transactions are broadcast on a bitcoin network, the miners start to collect and group the unconfirmed transactions. The miners then begin hashing the information until they eventually produce the merkle root.

The process of hashing is the converting of data into the strings of text through a complex mathematical function. The miners then hash together the nonce, the previous block’s hash, and the root hash of the new transaction data to form the candidate block. The miners then repeatedly hash this combination of information, using different nonces each time, until a miner finds the valid block hash.

Suggested Reading

Candidate Block by Binance Academy

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.