Blockchain technology is based on the principle of open and distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. A blockchain is a decentralized and public digital ledger, thus it eliminates the need for a 3rd party entity to validate transactions. In a blockchain, miners validates transactions and add them to the ledger. Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency Bitcoin.
Title: The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Author: William Mougayar
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