Blockchain: Difference between revisions
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<span style="color:#4B0082">'''''Blockchain defined'''''</span> | :<span style="color:#4B0082">'''''Blockchain defined'''''</span> | ||
:"At its heart, blockchain is a relatively straightforward concept. | :"At its heart, blockchain is a relatively straightforward concept. | ||
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* [[Distributed ledger]] | * [[Distributed ledger]] | ||
* [[Fintech]] | * [[Fintech]] | ||
* [[Layer-1 network]] | |||
* [[Ripple payment protocol]] | * [[Ripple payment protocol]] | ||
* [[SWIFT gpi]] | * [[SWIFT gpi]] | ||
Revision as of 11:41, 18 July 2022
1.
A distributed, secure database of transactions, also known as 'distributed ledger technology' which may complement or replace the use of database and file transfer software used in the software systems in use by corporate treasuries.
2.
A database using distributed ledger technology (blockchain) which can be used for cryptocurrency transactions.
- Blockchain defined
- "At its heart, blockchain is a relatively straightforward concept.
- It is a ledger of blocks of information, such as transactions or agreements, that are stored across a network of computers.
- This information is stored chronologically, can be viewed by a community of users, and is not usually managed by a central authority such as a bank or a government.
- Once published, the information in a certain block can't be changed.
- If people try to tamper with that information, it becomes obvious."
Cryptocurrencies such as Bitcoin may require blockchain technology but the use of blockchain does not require the involvement of Bitcoin.
See also
- Bitcoin
- Cryptocurrency
- Daisy chain
- Data
- Database
- Distributed ledger
- Fintech
- Layer-1 network
- Ripple payment protocol
- SWIFT gpi
