Phrases with «blockchain system»

A blockchain system is a decentralized and transparent technology that allows multiple computers (or nodes) to keep a shared record of transactions or information. It ensures security, trust, and immutability by creating a chain of blocks, where each block contains a set of data and a unique identifier. In short, a blockchain system provides a reliable and tamper-proof way to store and verify various types of information. Full definition

Sentences with «blockchain system»

  • The public ledger of blockchain system serves as the background architecture for the functioning of bitcoin. (kryptomoney.com)
  • This limitation of ethereum and other blockchain systems has long been the subject of discussion by developers and academics. (coindesk.com)
  • That's not normally possible in Bitcoin and most other public blockchain systems, in which transactions are visible to everyone. (technologyreview.com)
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