How Does a Merkle Tree Relate to Transaction Integrity?
A Merkle Tree, or hash tree, is a data structure used to efficiently verify the integrity and consistency of data. In a blockchain block, it summarizes all transactions into a single hash (the Merkle Root).
This allows a lightweight client to verify if a transaction was included in a block without downloading all block data.
Glossar
Lightweight Client
Architecture ⎊ A lightweight client, within cryptocurrency and derivatives, represents a streamlined node implementation prioritizing reduced computational burden and storage requirements.
Merkle Proof
Attestation ⎊ A Merkle Proof, within cryptocurrency and derivative markets, functions as a succinct cryptographic verification of data integrity, enabling efficient validation of transactions without requiring full dataset transmission.
Data Structure
Organization ⎊ The specific arrangement of transactional and state data within the ledger dictates the computational pathways for processing and state transition.
Merkle Tree
Architecture ⎊ A Merkle Tree, within cryptocurrency and derivatives, functions as a cryptographic verification tool, efficiently summarizing and securing large datasets of transaction information.
Integrity
Data ⎊ Data integrity is the assurance that market information, particularly asset pricing feeds from oracles and trade execution records, remains accurate, consistent, and unaltered throughout its lifecycle.