“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors Blockchain Revolution (2016)
The blockchain network lives in a state of consensus, the network reconciles every transaction that happens in ten-minute intervals. Each group of these transactions is referred to as a “block”. A network of so-called
computing “nodes” make up the blockchain.