BlockChain Structure

Posted on February 16, 2021February 16, 2021Categories BlockChain StructureTags   Leave a comment on BlockChain Structure

BlockChain Structure A blockchain is a decentralized, distributed, and oftentimes public, digital ledger consisting of records called blocks that is used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks. This allows the participants to verify and audit transactions independently and relatively inexpensively. A blockchain database is managed autonomously using a peer-to-peer network and a distributed timestamping server. They are authenticated by mass collaboration powered by collective … Continue reading “BlockChain Structure”