Citations
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Condos et al. 2016 (†819)
Condos, J., W.H. Sorrell, and S.L Donegan. "Blockchain Technology: Opportunities and Risks." (Vermont Office of Attorney General, 15 Jan 2016).URL: http://legislature.vermont.gov/assets/Legislative-Reports/blockchain-technology-report-final.pdf
Existing Citations
- block (p.6): Each set of transactions (the number of which is prescribed by the protocol) is considered a block in the chain, and the register as a whole is the blockchain. This chain is stored and continually added to by a network of computers, each of which is known as a node. (†2130)
- blockchain (p.3): A blockchain is an electronic ledger (register) of digital records, events, or transactions that are represented in condensed form known as a hash (digital security feature), authenticated, and maintained through a “distributed” or “shared” network of participants using a group consensus protocol (multiple users). (†2132)
- blockchain (p.6): The blockchain is a continually-growing digital register of transactions. Each set of transactions (the number of which is prescribed by the protocol) is considered a block in the chain, and the register as a whole is the blockchain. (†2133)
- hash value (p.7): Blockchain technology typically uses the encryption method known as cryptographic hashing.When a transaction is submitted, the contents of that transaction plus a few key pieces of metadata (including the timestamp and the parties involved) are encrypted using a mathematical algorithm. The output is known as a hash; a short digest of the data. (†2134)
- immutability (p.11): Thus, the blockchain can potentially provide an immutable registration of a record, to which future records can be compared for authenticity. Any presumption of validity around records registered in a blockchain must be limited to authenticity. (†2327)
- ledger (p.7): The responsibility for storage of the transaction ledger is distributed to many individuals, adding redundancy with little risk of corruption or errors. (†2276)
- node (p.6): ...the register as a whole is the blockchain. This chain is stored and continually added to by a network of computers, each of which is known as a node. Each node has, at minimum, a copy of a certain number of the most recent blocks, and some might possess a copy of the entire blockchain...& middot; (p.4): However, unlike a checkbook, the blockchain is distributed among thousands of computers or “nodes” with a process for validating transactions that utilizes a group consensus protocol. (†2131)
- transaction (p.6): To add a block to a chain, parties broadcast to the network the details of the transaction, and nodes verify these transactions...Once a node has verified the prescribed number of transactions, and solves additional computational problems dictated by the protocol, that block can be added to the chain. (†2275)
- wallet (p.11): Whether the content of that transaction is the hash of a transfer of Bitcoin from one wallet to another, a contract agreed to by two parties, or a document registered for purposes of future verification, each of these instances represents the creation of an electronic record that is encrypted, distributed, verified, and eventually added to an ever-growing ledger of other transactions. (†2329)