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I believe I know what is required to create block.

  • 1.get previous hash(previous block is published)
  • 2.collect transactions
  • 3.proof of work(mining)
  • 4.timestamped
  • 5.audit by other nodes

Please tell me in what order these are done.

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The order is 1, 2, 3, 5. There is no timestamping; the block itself provides timestamping via the proof of work.

Also, the step 3 is not 'mining', the whole process is what is called mining.

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