I have little understanding of what entropy is and its specific role in blockchain. What I understand is that they're sources of randomness.
From that, I'm able to infer these sources in blockchain will/can be:
- The randomness/unpredictability of getting the correct nonce to get a hash below the target value
- The non-predictability of the transactions that will be picked from the transaction pool to form a candidate block.
- The separate hashes of each [leaf] transaction, their hashes with a paired transaction and the final Merkle root hash.
Is this an appropriate interpretation and application of entropy?