A type of distributed digital ledger to which data is recorded sequentially and permanently in ’blocks’. Each new block is linked to the immediately previous block with a cryptographic signature, forming a ‘chain’. This tamperproof self validation of the data allows transactions to be processed and recorded to the chain without recourse to a third party certification agent. The ledger is not hosted in one location or managed by a single owner, but is shared and accessed by anyone with the appropriate permissions – hence ‘distributed’.
Blockchain
Comments
0 comments
Article is closed for comments.