WHAT IS BLOCKCHAIN?

WHAT IS BLOCKCHAIN?Chariton Hadjicostis2019-02-19T10:08:40+00:00

Blockchains (aka decentralized ledgers) can be described as data structures with the following inherent attributes:

Decentralized: Determined by a majority consensus of the networks’ participants.
Immutable: Data can only be added on the structure; cannot be altered or removed.
Transparent: Data is publicly available for anyone to review.
Open: The network is open for anyone to participate.
Secure: Powered by strong cryptography.