KB Topic How Blockchain Works

How Does Blockchain Technology Work - CoinDesk
As stated in our guide What is Blockchain Technology?, there are three principal technologies that combine to create a blockchain. None of them are new. Rather, it is their orchestration and application that is new. These technologies are: 1) private key cryptography, 2) a distributed network with a shared ledger and 3) an incentive to service the network's transactions, record-keeping and security. The following is an explanation of how these technologies work together to secure digital relationships. Two people wish to transact over the internet. Each of them holds a private key and a public key.

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