In Chapter 3, Blockchain 101 - Assets, Transactions, and Hashes and Chapter 4, Blockchain 101 - Blocks, Chains, and Consensus, I spoke about the building blocks of the blockchain—from assets and transactions to the chain of blocks, forks, and sidechains. I also addressed the way consensus is reached among all participants on the network. In Chapter 5, Blockchain 101 - Security, Privacy, and Smart Contracts, I explained what it takes to keep your blockchain and assets secure and introduced smart contracts.
In this chapter, I will combine what you learned about the blockchain previously and go over blockchain data flow and the processing of transactions. Beyond the basic data flow within a blockchain, I will explain the best way to design and set up a blockchain and how you can create, transfer, and manipulate assets.
Depending on the network's parameters, such as stricter validation rules, a blockchain transaction may be processed differently...