“Essentially, a blockchain (the place Bitcoin’s transactions are saved) is a database. A database is only a assortment of knowledge,” Korth defined. “Now, we’re used to databases being issues like financial institution databases, the place you’ve the account ID, buyer identify, stability and so forth. And so, naively, you consider a blockchain as some chain of blocks of transactions, however it’s simply info. What makes blockchains totally different from conventional databases is for certain particular properties that blockchains have which are derived from cryptography.”
