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- Your blockchain must have *all* of the following properties:
- * It's a merkle tree, or a construct with equivalent properties.
- * There is no single point of trust or authority; nodes are operated by different parties.
- * Multiple 'forks' of the blockchain may exist - that is, nodes may disagree on what the full sequence of blocks looks like.
- * In the case of such a fork, there must exist a deterministic consensus algorithm of some sort to decide what the "real" blockchain looks like (ie. which fork is "correct").
- * The consensus algorithm must be executable with *only* the information contained in the blockchain (or its forks), and no external input (eg. no decisionmaking from a centralized 'trust node').
- If your blockchain is missing *any* of the above properties, __it is not a blockchain, it is just a ledger.__
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