3 Facts About Blockchain

1. Blockchain-based smart contracts are proposed contracts that could be partially or fully executed or enforced without human interaction.

2. Blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.

3. Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.