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WHAT IS A PUBLIC DISTRIBUTED REGISTER (BLOCKCHEIN)?

Public Distributed Register (BLOCKCHAIN ) is a sequential chain built from the established rules of the generated transaction blocks.


 Each subsequent block of this structure contains information about the previous block, thus, on the whole, the chain stores the entire history of the committed transactions. One of the main elements of Blokchan's functioning is a network of interconnected hardware and software complexes, each of which contains memory and a processor. An example of such hardware-software systems can be: a personal computer, a smartphone, a dedicated server, a tablet computer, and other types of devices. The memory of each such device contains data of the Public Distributed Registry that is synchronized with the rest of the network devices. In this case, failure of one of the devices does not lead to loss of records of property rights to Assets, information about Bitbon owners and transactions. At the same time, using the system of open standards, unification of the processes of collection, consolidation and storage of all data is achieved. Blockchain  A hash is a fixed-length number that is mapped to data of arbitrary length so that the probability of the appearance of different data with the same hash would tend to zero, and To restore the data on their hash was as difficult as possible. In the Bitbon System, all information about the release, transfer from one owner to another, fragmentation of denomination and other transactions with Bitbon is fixed in the Public Distribution Restricted Register - Block. In this case, information about the nominal, user IDs, transaction history, accounts and other data can not be deleted or modified.