BLOCKCHAIN
Bitcoin
A Peer-to-Peer Electronic Cash System
Founded by Satoshi Nakamoto in 2008
- A purely peer-to-peer version of electronic cash would allow online.
- Payments to be sent directly from one party to another without going through a financial institution.
- Digital signatures provide part of the solution.
Blockchain
- A blockchain is a distributed database that maintained a continuously growing list of records called blocks secured from tampering and revision.
- Blockchain is running Bitcoin.
- The network is robust in its unstructured simplicity.
- Nodes work all at once with little coordination.
- A chain of digital signatures known as the blockchain.
- Distributed transaction ledger of immutable transactions.