Tuesday, November 14, 2017

Intro to Blockchain.pptx 2016-08-15

2016-08-15 Intro to Blockchain.pptx: "



What is the Blockchain
?
A blockchain is a public ledger of all transactions that have ever bee
n
executed.
Other types of information can also be stored on
te
Blockchain.
It is constantly growing as
͚
completed
͛
blocks are added to it with a new set of
recordings.
The blocks are added to the blockchain in a linear, chronological order.
Each node (computer connected to the network using a client that p
erforms the
task of validating and relaying trhansactions) gets a copy of the blockc
hain, which
gets downloaded automatically upon joining the network.
The blockchain has complete information about the addresses and their bal
ances
right from the genesis block to the most recently completed block
What is the Blockchain? •A blockchain is a public ledger of all transactions that have ever been executed. Other types of information can also be stored on te Blockchain. •It is constantly growing as ͚completed͛ blocks are added to it with a new set of recordings. •The blocks are added to the blockchain in a linear, chronological order. •Each node (computer connected to the network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the network. •The blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block"



Jordan DASCHE from www.commonsensesol.com

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