What does the word “blockchain” mean?

Despite this, I’ve found that few people know what the word “blockchain” means. The blockchain is the distributed ledger that cryptocurrencies run on. Without the blockchain, the entire cryptocurrency market would not exist. The blockchain was created by a pseudo-anonymous individual going by the name of Satoshi Nakamoto.

What is IBM Blockchain services?

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How do blockchains work?

There are different ways to set up a blockchain, Harvard Business Review laid out five principles that all blockchains have in common. First, all blockchains use a distributed database — this means that every user in a blockchain can access the complete database, including its past transaction history.

What is a public blockchain?

A public blockchain is open to the general public and anyone can join, execute and verify transactions, and everyone maintains a copy of the decentralized ledger. The bitcoin blockchain is currently one of the largest examples of a public blockchain network.