Lohkojärjestelmä

Lohkojärjestelmä, often translated as "block system" or "ledger system," refers to a distributed digital ledger technology that records transactions across many computers. This decentralized nature means no single entity controls the system, enhancing security and transparency. Each transaction is grouped into a "block," and once verified, this block is cryptographically linked to the previous block, forming a chain. This creates an immutable and auditable record.

The most well-known application of lohjkojärjestelmä is in cryptocurrencies like Bitcoin, where it underpins the entire transaction process. However, its potential extends far beyond digital currencies. Industries such as finance, supply chain management, healthcare, and voting systems are exploring its use to improve efficiency, reduce fraud, and enhance data integrity. The technology relies on consensus mechanisms, where participants agree on the validity of transactions before they are added to the chain. This consensus process is crucial for maintaining the system's security and trustworthiness.