Ethereum: How does the network know my current balance?
Understanding Blockchain and Ethereum Balance
As a user of the Ethereum network, we are natural to ask yourself how to determine your current balance. You are sure that sending a transaction with the amount you want to move seems intuitive. Behind the scenes, however, the Ethereum blockchain plays a decisive role in monitoring balance.
The funds are: transactions and blocks
Simply put, transactions are like digital messages sent between us on the Ethereum network. When sending a transaction you send a set of instructions (so -called “transaction”) with the amount of ether (ETH) or other token you want to hand over to someone else. Blockchain is a public book that follows all transactions on the network.
The block is a collection of transactions and each block has an exclusive code, the so -called “hash” that connects it to the previous block. This hash serves as a connection between the blocks and forms a chain.
Ethereum Virtual Machine (EVM) and Accounts
Ethereum is the virtual machine (EVM) in the heart of the Ethereum blockchain. EVM is a software structure that carries out intelligent contracts on the network. Determines how transactions are checked, validated and stored in blockchain.
Each user account in the Ethereum network is represented by an exclusive title, which is essentially a public key associated with a given balance. This title is used to store and treat ether or other tokens.
Store the scales how
If you create an account or ether, you store your balance in the EVM memory set. The memory set is a data structure that accompanies all the balance of the network.
It works like this:
- When creating a debit invoice or ether, the transaction is checked and validated by the Ethereum network.
- After checking it, the transaction is connected to a particular block hash and is included in the blockchain.
- EVM refreshes its balance in the memory stock based on transactions that have occurred since the last update.
The block hash: link between blocks
As mentioned earlier, each block has an exclusive hash code that connects it to the previous block. This hash serves as a bond between the blocks and forms the basis of the Ethereum blockchain architecture.
When sending a transaction, EVM uses this hash to determine where the blockchain is transferred. Hash is used to validate the sender receptor relationship and ensure that the transaction is valid before it is included in the next block.
Simply put: your balance is stored
In summary, if you create or insert an account, your balance is stored in the EVM memory set. This Pool updates are based on the exclusive hash code based on transactions since the last update to connect each transaction with the appropriate block.
When sending a transaction, the EVM uses this hash code to determine where the funds are transferred in the blockchain, ensuring that the balance is accurately reflected.
The conclusion
The Ethereum blockchain architecture plays a crucial role in tracking balance. Understanding how transactions work and how an exclusive title represents your account, you now better understand how Ethereum Network knows its current balance.
