A blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as “completed” blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
The blockchain is an immutable, tamper-proof record of all cryptocurrency transactions. Every transaction that has ever taken place on the blockchain is recorded on the ledger. This makes it an ideal platform for storing data that needs to be secure and immutable.
The guy who made a literal blockchain is Satoshi Nakamoto, the creator of Bitcoin. Nakamoto is a pseudonym for an individual or group of individuals who created the Bitcoin protocol. Nakamoto is estimated to own around 1 million bitcoins, which would give him a net worth of over $10 billion at today’s prices.
Other related questions:
Q: Who really invented blockchain?
A: The blockchain was invented by Satoshi Nakamoto in 2008.
Q: Who is the king of blockchain?
A: There is no single king of blockchain. Instead, the technology is decentralized and open-source, meaning that anyone can contribute to its development.
Q: What is Vitalik Buterin IQ?
A: There is no estimate of Vitalik Buterin’s IQ available.
Q: How much is Brock Pierce worth?
A: Brock Pierce is an American entrepreneur and investor who has a net worth of $2 billion. He is best known for his work in the cryptocurrency industry.
Bibliography
- Shitcoins: South Korean Toilet Turns Poop into Cryptocurrency
- Korea’s ‘poop-coin’ reached the end of its pipeline, inventor …
- The Wikipedia Competitor That’s Harnessing Blockchain For …
- Blockchain – Wikipedia
- 12-year-old coder made 6-figures selling Weird Whales NFTs
- The Blockchain Immutability Myth – CoinDesk