ENTITY

The main components of blockchain technology are a digital ledger and a network of computers (« Mining nodes »). Each node has a copy of the digital ledger updated continuously based on the transactions. In blockchain technology, the transaction between any two users goes into this digital, decentralized ledger. One of its primary benefits is that the recorded information cannot be modified, as Blockchain is an immutable public digital ledger: each new record becomes - in fact - a block with a unique, identifying hash. Linking the blocks into a chain of records forms a blockchain.

Primary location: Grant