WHAT IS BLOCKCHAIN?

A technology that:

Allows the resulting ledger to be
accessed by different servers
Permits transaction to be gathered
into blocks and recorded.
Someone requests The requested transaction Network nodes validates
transaction is broadcasted to a P2P the transaction and the
network consisting of user’s digital signature
nodes using algorithms

Cryptographically chains blocks in

chronological order
Once verified, the
The new block is then
The transaction is transaction is combined with
added to the existing
completed other transactions to create
blockchain, in a way that is
a new block of data for the
permanent and unalterable
ledger
Public and Private Block Chains
PUBLIC PRIVATE

Anyone can participate Participants are pre-selected.

High Decentralization Low Decentralization

Low throughput High throughput

High Energy consumption Low Energy consumption

No privacy or scalability Trusted and permissioned

network
Manipulation risk less