When a Blockchain Isn’t a Blockchain

When a Blockchain Isn’t a Blockchain

Ameer Rosic
09/22/16 7:05 AM 2016-09-22 07:05:59
One of the defining features of the blockchain is its immutability. Numerous computers retain identical copies of a permanent, encrypted record of each transaction. Nobody can go back and make changes

One of the defining features of the blockchain is its immutability. Numerous computers retain identical copies of a permanent, encrypted record of each transaction. Nobody can go back and make changes, so no central authority — neither a government nor a bank — is needed to guarantee the transactions’ legitimacy.

Ameer Rosic
#SerialEntrepreneur, Investor, #Digitalmarketing Adviser and Cofounder of @Blockgks a #blockchain innovation hub

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