mirror of
https://github.com/monero-project/monero-site.git
synced 2024-12-15 21:06:35 +02:00
14 lines
1.1 KiB
Markdown
14 lines
1.1 KiB
Markdown
|
---
|
||
|
|
layout: moneropedia
|
||
|
|
entry: "Blockchain"
|
||
|
|
terms: ["blockchain", "blockchains"]
|
||
|
|
summary: "a distributed ledger of all transactions both past and present, without revealing who the funds came from or went to"
|
||
|
|
|
||
|
|
---
|
||
|
|
|
||
|
|
### The Basics
|
||
|
|
A @blockchain is a distributed database that continuously grows with a record of all of the transactions that have occurred with a given cryptocurrency. This database is often referred to as a ledger because the data contains a large list of transactions that have taken place. In Monero, these transactions are packaged together into 'blocks' every 2 minutes (on average) and all miners and nodes on the network have copies of these blocks.
|
||
|
|
|
||
|
|
### Monero's @Blockchain
|
||
|
|
Unlike Bitcoin and other cryptocurrencies, transactions in the Monero @blockchain do not reveal where funds came from or went to, providing anonymity and making the currency completely @fungible. Additionally, the amounts of all transactions are hidden by @RingCT, a feature of Monero. For auditing or other transparency purposes a user can share a @view-key to prove they control certain amounts of @Moneroj.
|