What is blockchain Technology?
Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Our guide will walk you through what it is, how it's used and its history.
A blockchain, originally block chain, is a growing list of
records, called blocks, that are linked using cryptography. Each block
contains a cryptographic hash of the previous block, a timestamp, and
transaction data.
A blockchain is the structure of data that represents a financial ledger entry, or a record of a transaction. Each transaction is digitally signed to ensure its authenticity and that no one tampers with it, so the ledger itself and the existing transactions within it are assumed to be of high integrity.
Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Our guide will walk you through what it is, how it's used and its history.
How does it work?
A blockchain is the structure of data that represents a financial ledger entry, or a record of a transaction. Each transaction is digitally signed to ensure its authenticity and that no one tampers with it, so the ledger itself and the existing transactions within it are assumed to be of high integrity.
10 Top Companies Using Blockchain
- SALT Lending
- Banks
- Government Department
- Mythical Games
- Gemini
- Circle
- Coinbase
- Chronicled
- IBM
- Voatz
- Steem
- Shipchain
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