What is a Blockchain?

A Blockchain is a peer-to-peer public ledger maintained by a distributed network of computers that requires no central authority or third party intermediaries. 

 A Blockchain consists of three key components:

 - a transaction, 
- a transaction record, and 
- a system that verifies and stores the transaction. 

 The blocks are generated through open-source software and record the information about when and in what sequence the transaction took place. This “block” chronologically stores information of all the transactions that have taken place in the chain, thus the name blockchain. In other words, a blockchain is a database of immutable time-stamped information of every transaction that is replicated on servers across the globe. 

Find out more about what is a Blockchain 

 An introduction to Blockchain Technology - by Antony Lewis


4 comments:

  1. Unknown24 May 2018 at 03:38

    This comment has been removed by the author.

    ReplyDelete
  2. Unknown16 October 2021 at 02:53

    #Konstellation Network and the $DARC Token:
    - KONSTELLATION Network is a #blockchain protocol, built on #Cosmos SDK, creating a global infrastructure for the future of the decentralized capital markets. Konstellation Network will create the backbone for the seamless bridge between capital and returns and is powered by the $DARC #token for governance and transactions.
    Visit: https://konstellation.tech/
    Telegram: @konstellation
    Twitter: @@KNSTL_TECH

    ReplyDelete
  3. Unknown7 May 2024 at 03:02

    🎉 Exciting News! 🎉

    Join us for the final countdown to the LBank Listing FINAL ICO Event on PIK-SWAP! 🚀

    📅 Event Duration: April 29th - May 3rd UTC
    💰 Sale Price: 0.08 USDT | Listing Price: 0.1 USDT
    🛒 Purchase Limit: 3,000 USDT per Person

    Don't miss out on these amazing offers:
    ✨ Register and get $55 worth of PIK and PLYP tokens!
    💸 Deposit $10 worth of crypto to receive an extra $10 worth of PIK!
    💰 Deposit and Win: Get 100 PIK guaranteed!
    💥 Sign-Up Bonus: 50 PIK + 500 PLYP instantly!
    💎 Deposit Bonus X2 Event: Up to 60,000 PLYP!
    🎁 300,000 PIK Draw Event: Your chance to win big!

    And that's not all! We've added some exciting updates:
    🛠 Maintenance Period: April 29th 08:00 - 10:00 UTC. Update details: BNB, SOL Network will be added to N-PIK platform.

    Plus, enjoy Ex Staking Dividends and participate in the Final ICO before LBANK Listing event!

    Join the fun now: n-pik.com

    #PIK #PLYP #ICO #LBankListing #CryptoEvent #LimitedTimeOffer #Don'tMissOut 🚀

    ReplyDelete
  4. Smith Jr26 May 2024 at 08:04

    Get exclusive NFTs and $Green coins by joining GreenForests' referral program! Protect our forests and reconnect with nature. Learn more at Join the Movement http://www.the-green.io/

    ReplyDelete

Subscribe to: Posts (Atom)