Terms and Definitions in the Bitbon System

Blockchain

Blockchain is an information technology intended to search, collect, store, process, provide, distribute, and transfer information. It is a type of the distributed ledger[i], which constitutes a sequential chain of generated transaction blocks built according to certain rules. At the same time, each subsequent block of the structure contains information about the previous one, so as a whole, the chain stores the entire history of completed transactions.