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Distributing the ledgers Adding new transaction to the ledgers Deciding which ledgers represents the truth
Daniel Drescher • Blockchain Basics: A Non-Technical Introduction in 25 Steps
Balaji S. Srinivasan • The Mirrortable
The blockchain is also a distributed, public, time-stamped asset ledger that keeps track of every transaction ever processed on its network, allowing a user’s computer to verify the validity of each transaction such that there can never be any double-counting.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Jay Drain Jr • Web3 Starter Pack
Matt Levine • Bloomberg - Are you a robot?
An individual ledger is used for maintaining information about ownership, which is equivalent to one blockchain-data-structure storing ownership-related data. The individual ledgers are stored on the computers (nodes) of a peer-to-peer system. The blockchain-algorithm is responsible for letting the individual nodes collectively arrive at one consis
... See moreDaniel Drescher • Blockchain Basics: A Non-Technical Introduction in 25 Steps
Transaction data provide the mandatory information necessary to execute a transfer of ownership as intended. Executing a transaction means making the transfer of ownership happen as described by the transaction data. Executing a transaction means adding the transaction data to a ledger. By adding transaction data to a ledger, the transaction become
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