Every transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More and blockGroups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell... Read More on a blockchainA Blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a... Read More has an owner. An owner is any entity (person, group, or organization) with interest in the data contained within a transaction or block. Ownership is a toolTesting an excerpt from within Definition One to see if it'll work. Read More to achieve trust and consensusConsensus is what allows a distributed system (like the blockchain) to function as a decentralized peer-to-peer system without the need... Read More among network members and allows for greater security, privacy, transparencyTransparency in blockchain technology refers to the immutability and public nature of the ledger—allowing anyone to view transactions on the... Read More, and accountability. Transaction ownership is assigned when a transaction is created and is not transferable to another entity. Assignment of block ownership occurs when the block is added to the blockchainA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by.... Block ownership is transferrable to another entity through forks. However, in most cases, it does not happen automatically. Consensus among network members is required to decide on block ownership or replacement. This decision is dependent on the specific consensus algorithmA consensus algorithm is a computer-generated process to achieve agreement on a single data value amongst disparate parties. It is... Read More employed.
