Blockchain ...what it is ?

in #blockchain8 years ago

Blockchain

Also known as: shared ledger,decentralized ledger

Related: Bitcoin

Generally described as a decentralized ledger, that may have additional embedded functionality, or the ability for user scripting of functionality

A distributed database that maintains a continuously-growing list of records secured from tampering and revision. Each block contains a timestamp and a link to a previous block. The blockchain - conceived in 2008 and first implemented in 2009 - is the main technical innovation of bitcoin, where it serves as the public ledger for bitcoin transactions. In this case, every user is allowed to connect to the network, send new transactions to it, verify transactions, and attempt to create new blocks. The bitcoin blockchain design has been the inspiration for other applications.

Wikipedia : https://en.wikipedia.org/wiki/Blockchain

Bitcoin

Also known as: BTC

The first cryptocurrency gaining mainstream momentum

Bitcoin is a digital asset and a payment system created by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.

Bitcoin has the highest market cap of digital currencies and trades aroudn 1B / day (VERIFY).

Due to its anonymous background, Bitcoin does not have any well recognized organization or trade union to present it.

How Bitcoin is related to digital assets trading

Most of digital asset to digital asset trading is done using BTC trading pair. The change in BTC price reflects in other digital assets BTC and USD prices.

Wikipedia : https://en.wikipedia.org/wiki/Bitcoin

bitcoin wiki : https://en.bitcoin.it/wiki/Bitcoin

source : https://tokenmarket.net

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