Blockchain is a decentralized database that administers transactions with the digital currency bitcoin. Here, single or multiple transactions are bundled into data blocks and validated by means of checksums. The joint data blocks form the block chain. Over the Bitcoin Core software all members of the community can download and regularly update the database.

Term-Nr.: 130

German: Blockchain (189)

Source: Fintech-Hub m. e. E., 29.05.2019

Print Friendly, PDF & Email