api – Blockchain endpoint working

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Disclaimer: I maintain STORJ. (Not that it might have any affect on the reply)

What you are taking a look at right here is an ERC20 token. So your query revolves across the Ethereum blockchain.

When a brand new block is mined, it’s transmitted to the nodes on the community. That is achieved by the miner transmitting to his node, and his node transmits to different nodes, so forth and so forth.

The thought of “finish factors” you’re asking a node, let’s imagine your node, or a third celebration suppliers node for data. In an excellent world all nodes have the identical actual data. In the actual world they are often totally different however the node software program resolves these variations utilizing “longest chain wins”. That is why we anticipate confirmations. Ethereum works a bit otherwise because it makes use of a “confirmed” flag as an alternative of variety of occasions it is seen because the authentic block it was first discovered however that is the Bitcoin discussion board.

With Bitcoin you’ll be able to ask any node for “a block” however i believe you imply “a transaction”. You merely do not think about a “transaction” or “block” to be legitimate till there are 6 blocks after it. By then it is statistically inconceivable for it to not “Exist” on the complete chain.

In your last instance: Storj does not actually “land” (or any token/coin on any chain). A transaction is submitted to mempool which is then broadcast to different nodes. A miner sees the transaction, mines it, and provides it to a block. That block is then rebroadcast. There isn’t any method so that you can “spend” something as a result of another person has to verify that the transaction is legitimate and add it for it to indicate up on the precise chain.

Observe: Apologies for any confusion. The query was a bit awkward however did my finest to reply the assorted factors in it. I extremely counsel investigating how blockchains work and why they work. Bitcoin is a unbelievable place to begin since this all began with Bitcoin.

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