Wegnemen van tussenpersonen
Now, the entire concept behind the blockchain technology focuses on the elimination of that trusted third party, the middle man.
In addition, the blockchain aims to complete this process much faster than the current system – almost instantly!
Finally, the blockchain attempts to do this process at a much lower rate (very low transaction fees).
The distributed ledger is an open network that is public to everyone.
Every participant in the network can validate transactions.
The ledger is distributed and exists in many different nodes on the network (this removes the involvement of a trusted third party).
The concept of miners and the role of miners are to validate transactions within the ledger by solving calculations.