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Blockchain - Coggle Diagram
Blockchain
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What is Blockchain?
transaction record database that is distributed, permissionless and maintained around the world by a network of nodes
Uses decentralized technologies to provide:
- peer to peer
- permissionless
- immutable network
to store transactions
Book Analogy:
- Each page connected to each other
- Entries of credit and debit as if list of transactions
- Easy to detect page is altered
- Book = Blochain
- Page = Block
- An entry in page = Blockchain transaction
What makes Blockchain Different?
- No Central Authority
- Verifiability and Auditability
- Disintermediation
- Confidentiality and integrity
- Robustness
