The first step: transaction generation. The current owner uses the private key to sign a digital signature for the last transaction and the next owner, and attaches this signature to the end of this currency to make a transaction slip.

Step 2: the spread of the transaction. The current owner broadcasts the transaction list to the whole network, and each node divides the collected unverified transaction hash values into blocks, each block can contain hundreds or thousands of transactions.

Step 3: Proof of workload.

Step 4: Verify all nodes.

Step 5: Blockchain recording.