What is blockchain technology?

Blockchain technology is the foundation of modern cryptocurrencies, so named because of the heavy usage of cryptographic functions. Users utilize public and private keys to digitally sign and securely transact within the system. For cryptocurrency based blockchain networks which utilize mining (see section 4.1

What are the different types of blockchain networks?

There are four main types of blockchain networks: public blockchains, private blockchains, consortium blockchains and hybrid blockchains. Each one of these platforms has its benefits, drawbacks and ideal uses. 1. Public blockchain How it works. The first type of blockchain technology is public blockchain.

Can a blockchain be distributed?

This publication is available free of charge from: http s ://doi.org/10.6028/ NIST.IR.8202 Distributed – the blockchain can be distributed. This allows for scaling the number of nodes of a blockchain network to make it more resilient to attacks by bad actors.

What is the ACT-IAC blockchain Primer document?

ACT-IAC has developed a blockchain primer document , which aims to provide an overview of the technology. A second document, a blockchain playbook , provides a set of questions with weights to help organizations in their consideration of the technology.