Blockchain 101

CryptoRow

Overview

  • In the 90’s the first cryptographically secured ‘blocks’ were created for time-stamping software
  • In 2008 Satoshi Nakamoto released the Bitcoin whitepaper that proposed the peer-to-peer blockchain verification system
  • The Bitcoin blockchain currently holds over 100GB of data
  • The blockchain is a publicly distributed ledger that all network users can access
  • A block is a cryptographically secured block that contains transaction data
  • All transactions that take place on the blockchain are irreversible
  • Every asset needs a public & private key to be accessed
  • Blockchain has the capability to record more than monetary transactions
  • Blockchain technology is being instituted into voting procedures, charity donations, media downloads and identity protection.
  • With blockchain technology your personal information will be secure.

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