What Is a Merkle Tree in the Context of a Block?
A Merkle Tree (or hash tree) is a data structure used to efficiently verify the integrity and validity of transaction data within a block. It works by repeatedly hashing pairs of transaction IDs until a single root hash, the Merkle Root, is produced.
This root is included in the block header.
Glossar
Transaction Data
Provenance ⎊ Transaction data, within cryptocurrency, options, and derivatives, establishes a verifiable audit trail detailing the origin and custody of digital assets, crucial for regulatory compliance and risk mitigation.
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.
Data Structure
Framework ⎊ The term "Data Structure," within the context of cryptocurrency, options trading, and financial derivatives, fundamentally refers to the organized arrangement and storage of data to facilitate efficient access and manipulation.