" UFA2020 Overview: Universal Financial Access by 2020." " West Virginia Secretary of State Reports Successful Blockchain Voting in 2018 Midterm Elections." " 3 Innovative Ways Blockchain Will Build Trust in the Food Industry."Ĭointelegraph. “ Bitcoin: A Peer-to-Peer Electronic Cash System,”. This is why blockchains are also known as a distributed ledger technology (DLT).īitcoin. In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. For Bitcoin, this means that transactions are permanently recorded and viewable to anyone. Decentralized blockchains are immutable, which means that the data entered is irreversible.In Bitcoin’s case, blockchain is used in a decentralized way so that no single person or group has control-rather, all users collectively retain control.Different types of information can be stored on a blockchain, but the most common use so far has been as a ledger for transactions.Once the block is filled with data, it is chained onto the previous block, which makes the data chained together in chronological order. As new data comes in, it is entered into a fresh block.
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