The invention relates to a construction method of a ring-type editable block chain. The construction method comprises the following steps: A, initializing: outputting a system public parameter and aninitial block through a hash function according to a security parameter; B, generating a secret key: obtaining a private key xi and a public key yi of the user according to the public parameters of the system; and C, generating a ring-type editable block chain: recording the transaction information into blocks, arranging the blocks according to the generation time, and connecting the last arrangedblock with the initial block to form the ring-type editable block chain; and obtaining a public key set according to the ring-type editable block chain, each block corresponding to a public key yi, and each public key yi corresponding to a private key xi. According to the invention, efficient management and editing are provided for the block chain, and batch editing can be carried out on the block chain, and batch deletion of blocks on the block chain is supported. And after the batch editing is executed, the ring structure of the block chain is still kept unchanged.