A ledger whose records are chained together in time order
A blockchain stores transactions in bundles called blocks and links them in time order like a chain. Many participants keep the same copy, so altering part of it shows up immediately as a mismatch. Being able to keep records without a single administrator is what crypto assets are built on. Erasing an old record afterwards is, as a rule, not possible.
Bitcoin adds one block roughly every 10 minutes, recording the transactions made in between.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.