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What is the blockchain?

Bitcoin's shared record of every payment since 2009, stored in blocks that each link to the one before — which is what makes it a chain.

Each block carries a batch of transactions and the fingerprint of the block before it. Change any past transaction and every fingerprint after it breaks, so the history can't be quietly edited: nodes would reject the altered chain.

Every node keeps its own copy and checks it against the same rules, which is why no one has to trust a central record-keeper. “Blockchain” has become a buzzword for other uses, but on this site it means Bitcoin's chain.

The newest links in the chainAll Bitcoin terms