The Rise Of Blockchain
A blockchain is a distributed software network that functions both as a digital as well as distributed ledger. Blockchain is a growing list of records, called blocks which are linked using cryptography and a mechanism enabling the secure transfer of assets without an intermediary. Each block contains a cryptography hash of a previous block, a timestamp, and a transaction data thus creating a chain. The first manifestation of blockchain technology emerged in 2009 with the Bitcoin blockchain, a secure, censorship-resistant, peer to peer electronic cash system. Because Bitcoin is accessible to anyone, it is an example of an open, or a permissionless blockchain. Blockchain is a shared, trusted, public ledger of transactions, that everyone can view but with no single user controls. It is a distributed database...