Blockchain secured by backward chained elements
A blockchain, data protection technology, applied in digital data protection, electrical components, instruments, etc., can solve problems such as waste and energy waste
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[0042] The present application presents an alternative method of securing the blockchain which has several advantages over existing blockchain technology. BSB does not require "proof of work" nor a distributed network, is fast and can be implemented on small silicon chips used in smartphones. This application allows a limited number of steps in the chain. The number of steps can be astronomically large and can also be adjusted to the user's requirements. The key to this application is to use the block's additional input value before hashing the block. These key values carry over from future to previous. These values are referred to as backstepping values and backstepping seal values. The back step value and back step seal value have a one-way characteristic. Any value from the value in the current block to the previous block is easy to calculate, while calculating the value to use in the next block is hard without knowing the password. Two secret values, the initial...
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