Blockchain

by
January 8, 2018

Blockchain is a data structure used to store large amounts of data in a private manner, in the public domain.

Cryptocurrencies such as Bitcoin make use of the Blockchain to record transactions and keep track of people’s balances.

Individual blocks are made valid by mining, and then chained together to create a continuous ledger of transaction data.

Here’s a diagram from the Financial Times to explain more.