This private blockchain process is more similar to an in-house data storage system except spread over multiple nodes to increase security. The most common use of blockchain today is as the ...

As for the blockchain process, here's how it works: Whenever a new transaction takes place (e.g., a bitcoin or ether buy order), that data is sent to a network of computers (nodes) that solve math ...

Transactions follow a specific process, depending on the blockchain. For example, on Bitcoin's blockchain, if you initiate a transaction using your cryptocurrency wallet—the application that ...

A self-executing contract could make this process much more efficient. Programs written on the blockchain that self-execute when certain conditions are met. For example, an insurance company could ...