Jacob William Quotes & Sayings

Blockchain verifies the information using the following steps: Consensus - it requires the majority of the block builders to agree that the occurrence actually happened. Consistency - requires that the new information fits with the previous block. Transaction - it requires that the transaction occurred by looking at the previous block, ensuring that two people did not record conflicting accounts of the information. Automated Conflict Identifiers - the software itself trolls for conflicts within the blocks and the structure. There is no centralized location, or big computer in the sky, where the information can be altered or stolen. — Jacob William