Airbitz Inc, a San Diego-based a data security platform and mobile bitcoin wallet, has announced the addition of OpenLedger to its growing ecosystem of blockchain projects using its Edge Security SDK.
A blockchain is a peer-to-peer (P2P) network that collectively adheres to a protocol for validating new blocks. By design, blockchains are inherently resistant to modification of the data. Once any data is recorded onto a blockchain, the data cannot be altered retroactively without also the alteration of every subsequent block generally requiring the collusion of the majority of the network.
The first Blockchain was Bitcoin, invented by an anonymous programmer that went by the name “Satoshi Nakamoto”. The Bitcoin blockchain went live in 2009 and is now the most secure computer network in the world.
Blockchains serve as open, distributed ledgers that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically, this is often referred to as a smart contract.