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Creation of a Distributed Ledger

  • Sarah SwammyEmail author
  • Richard Thompson
  • Marvin Loh
Chapter

Abstract

Over the last few years the words blockchain, bitcoin, and mining have been buzzing around all over the internet. Before we jump right into the details of crypto currency, I want to explain these buzzwords which will help us absorb the later sections with much more clarity. Blockchain is a continuously growing list of records called blocks. Every block in the blockchain typically contains a cryptographic hash of the previous block, a timestamp, and transaction data. Blockchain was designed so that the transactions are immutable, meddle-proof, and distributed.

Keywords

Blockchain Bitcoin Mining Hashing Crypto currency wallet Security 

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.State Street Global Market, LLCNew YorkUSA
  2. 2.Digital Air TechnologiesNew YorkUSA
  3. 3.Bank of New York MellonNew YorkUSA

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