You’ve probably become more familiar with this word as of late and its important that you are because it will be integrated into a number of systems on government, financial and commercial levels. Since the Pecu Novus Network is a layer-one blockchain network , this is the foundation of the Pecu Novus Network and will be an integral part of the foundation of most systems built on the network in the future. In short a blockchain is a true and immutable account of something, it can be a transaction, it can prove the true ownership of an asset or property, it can show truth as it relates to a diploma or identification, it can be used to secure systems and much more.
Because there is a public account for public systems, it can be seen by any network member at any time. Each and every transfer that occurs on the Pecu Novus Network is included in the public ledger for transparency and security. All transactions are permanent on the blockchain and can never be altered, they run through a serious of independent validator nodes globally and as they are completed they form a chronological order of transfers enforced by cryptography. On the Pecu Novus blockchain the use of Proof of History is used, so every transaction has an immutable and irreversible timestamp.
