Sentences with phrase «secured chain of blocks»
A cryptographically secured chain of blocks that bears similarity to some underlying aspects of the blockchain was described in 1991 by Stuart Haber and W. Scott Stornetta.
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A cryptographically secured chain of blocks that bears similarity to some underlying aspects of the blockchain was
Not exact matches
It's more private than Bitcoin and Ethereum's block chain and can be used to create what are essentially «intranets» of secured transactions between parties using the technology.
«Consumers with more access to media sources — including young people and parents of young children — are putting more pressure on food producers and manufacturers to provide a secure food supply such as block chain technology», says Kaul.
The reason this works is the bitcoin blockchain is a proof - of - work authenticated chain, it is secure because you personally can verify the blocks are correct by running a fullnode, and verifying that you are receiving the corrrect version of the blockchain by sticking to the most - work valid chain version.
This is typically done in individual blocks which are encrypted, together forming a chain of secure data.