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ETHEREUM: A SECURE DECENTRALISED GENERALISED …

ethereum : A SECURE DECENTRALISED GENERALISED TRANSACTION LEDGERPETERSBURG VERSION 3e2c089 2020-09-05DR. GAVIN WOODFOUNDER, ethereum & blockchain paradigm when coupled with cryptographically-secured transactions has demonstrated itsutility through a number of projects, with Bitcoin being one of the most notable ones. Each such project can be seen asa simple application on a DECENTRALISED , but singleton, compute resource. We can call this paradigm a transactionalsingleton machine with implements this paradigm in a GENERALISED manner.

as to which path, from root (the genesis block) to leaf (the block containing the most recent transactions) through this tree structure, known as the blockchain, there must be an agreed-upon scheme. If there is ever a disagreement between nodes as to which root-to-leaf path down the block tree is the ‘best’ blockchain, then a fork occurs.

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