Creation of a distributed ledger

Abstract

Over the last few years the words blockchain, bitcoin, and mining have been buzzing around all over the internet. Before we jump right into the details of crypto currency, I want to explain these buzzwords which will help us absorb the later sections with much more clarity. Blockchain is a continuously growing list of records called blocks. Every block in the blockchain typically contains a cryptographic hash of the previous block, a timestamp, and transaction data. Blockchain was designed so that the transactions are immutable, meddle-proof, and distributed.