Simple Blockchain with Proof-of-Work Consensus in TypeScript

Overview

This project aims to implement a basic blockchain system with Proof-of-Work (PoW) consensus mechanism using TypeScript. The goal is to understand the fundamentals of blockchain technology and the working of the PoW algorithm in a simplified environment. This blockchain will support basic transactions and block creation with a simple validation process.

Features

• Blockchain Initialization: Setup of the initial blockchain with a genesis block.
• Proof-of-Work Consensus: Implementation of the PoW algorithm to ensure security and consensus across the network.
• Block Creation: Ability to add new blocks to the chain after successful mining.
• Transaction Support: Basic structure for creating and adding transactions to blocks.
• Blockchain Validation: Validation of the integrity of the blockchain at any point in time.
• Simple API: A simple API to interact with the blockchain, including creating transactions and viewing the chain.

Technologies

• TypeScript: The project is written entirely in TypeScript, providing type safety and the benefits of the latest ECMAScript features.
• Node.js: Used for the runtime environment, allowing the blockchain to be run and tested locally.