Blockchain, the technology behind bitcoin

Blockchain, the technology behind bitcoin

Is the underlying technology behind the next generation Internet, also referred to the Decentralized Web, or the Web3. The blockchain is a novel solution to the age-old human problem of trust. It provides an architecture for so-called trustless trust. It allows us to trust the outputs of the system without trusting any actor within it. Blockchain is a shared, trusted, public ledger of transactions, that everyone can inspect but which no single user controls. It is a distributed database that maintains a continuously growing list of transaction data records, cryptographically secured from tampering and revision.

2018-01-13T23:51:23+00:00