What is Blockchain Technology? Division
Epstein Suite indexes the text; the original document lives at its official source. We don't host the original file — view it on the official release to read it in full.
View the original on the official releaseDocument text
Text is machine OCR and may contain errors. Confirm against the original source above.
Investment
Management
What is Blockchain Technology? Division
Illustrative Schematic: Centralized Network versus Distributed Network
Centralized Network Distributed Network
= Blockchain is the critical and differentiating infrastructure that underlies cryptocurrencies.
= Unlike most networks today, which rely on a centralized hub, a blockchain is a public distributed network whose
complete database can be accessed and maintained by each member of the network.
# The blockchain is a shared and continually reconciled database. As new transactions occur, data is quickly
disseminated to, verified, and incorporated across all nodes on the network.
= Because it has no single maintainer, the blockchain’s history is resistant to editing by a malicious actor.
Source: Investment Strategy Group, http://cryptocurrencyfacts.com/how-does-cryptocurrency-work-2/ . 4
HOUSE_OVERSIGHT_025667
Have a question about what this document contains?
Ask the documents