Presentation: Tweet"Blockchain"
Blockchain is the popular name of the data structure used the Bitcoin network. It is an append-only transaction log with cryptographically secure consistency checks. The term blockchain is also often used to refer to the unique algorithm, the Nakamoto-Consensus, that Bitcoin uses to achieve convergence of distributed copies of the ledger to the same global state. Both the distributed ledger substantiated by the cryptographically secure transaction log and the consensus building algorithm is remarkable and forward-looking for the design of systems, that feature a wholly new level of consistency, audit-ability of their data and trust-minimized execution of their algorithms.
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