HI All
● Periodically manages transactions as a block (similar to a page in a paper ledger)
● Each block depends on the previous block making a chain from the origin ( A new Hash will be computed)
● To edit a transaction in a block would require recalculation of all blocks after it.**
● Normally uses a distributed ledger with a consensus system and public/private key cryptography
** so if one intentionally modified a block then the hashes of all other blocks in the chain will become invalid and the unauthorised transaction will be marked invalid.
● Periodically manages transactions as a block (similar to a page in a paper ledger)
● Each block depends on the previous block making a chain from the origin ( A new Hash will be computed)
● To edit a transaction in a block would require recalculation of all blocks after it.**
● Normally uses a distributed ledger with a consensus system and public/private key cryptography
** so if one intentionally modified a block then the hashes of all other blocks in the chain will become invalid and the unauthorised transaction will be marked invalid.
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