What is Blockchain?

The Blockchain

Blockchain is the world's leading software platform for digital assets. Offering the largest production block chain platform in the world, we are using new technology to build a radically better financial system.

All bitcoin transactions are stored in a public ledger called the blockchain. It’s not maintained by an authority, but by a network of communicating nodes and miners running open-source bitcoin software. Transactions are sent to this network using readily available software applications (such as wallet apps). These nodes can validate transactions, add them to their copy of the blockchain (the ledger), and then forward these additions to other nodes. The blockchain is a distributed database, which means each network node verifies and stores its own copy of the blockchain.

“Blockchain is the early leader...
They are actually making the entire ecosystem.”

The first distributed blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions, not in citation given. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the use of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.