2017-12-20 21:10:10 +00:00
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---
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2021-09-04 08:33:28 +00:00
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summary: 'a distributed ledger of all transactions both past and present, without revealing who the funds came from or went to'
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2017-12-20 21:10:10 +00:00
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terms: ["blockchain", "blockchains"]
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---
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2020-08-16 17:11:02 +00:00
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{% include disclaimer.html translated="no" translationOutdated="no" %}
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2021-09-04 08:33:28 +00:00
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2017-12-20 21:10:10 +00:00
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### The Basics
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2021-09-04 08:33:28 +00:00
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A @blockchain is a distributed database that continuously grows with a
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record of all of the transactions that have occurred with a given
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cryptocurrency. This database is often referred to as a ledger because the
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data contains a large list of transactions that have taken place. In
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Monero, these transactions are packaged together into 'blocks' every 2
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minutes (on average), and all miners and nodes on the network have copies of
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these blocks.
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2017-12-20 21:10:10 +00:00
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### Monero's @Blockchain
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2021-09-04 08:33:28 +00:00
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Unlike Bitcoin and other cryptocurrencies, transactions in the Monero
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@blockchain do not reveal where funds came from or went to, providing
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anonymity and making the currency completely @fungible. Additionally, the
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amounts of all transactions are hidden by @RingCT, a feature of Monero. For
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auditing or other transparency purposes a user can share a @view-key to
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prove they control certain amounts of Moneroj.
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