Wednesday, 17 January 2018

What is Blockchain/Distributed Ledger Tech?


Conceptual Definition:



Blockchain is a software protocol; just as SMTP is a protocol for sending email, blockchain is a protocol for sending money

Technical Definition:

Blockchain is the tamper-resistant distributed ledger software underlying cryptocurrencies such as Bitcoin, for recording and transferring data and assets such as financial transactions and real estate titles, via the Internet without needing a third-party intermediary


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