Description
Chainpoint is a blockchain-based protocol designed for timestamping and verifying the integrity of digital documents, data, or processes without needing a trusted third party. Leveraging the Bitcoin blockchain, it creates tamper-proof, verifiable cryptographic proofs by anchoring data hashes. Users submit these hashes to Chainpoint nodes, which aggregate them into a Merkle tree; the root hash is then anchored to the Bitcoin blockchain, generating a Chainpoint proof. This proof can verify the timestamp and integrity of the data at any given time. As an open standard, Chainpoint allows unlimited data anchoring to the Bitcoin chain, enhancing scalability across various applications like document verification and supply chain management. It ensures data verification is decentralized, secure, and immutable, eliminating reliance on third-party validators.
Chainpoint is a blockchain-based protocol designed for timestamping and verifying the integrity of digital documents, data, or processes without needing a trusted third party. Leveraging the Bitcoin blockchain, it creates tamper-proof, verifiable cryptographic proofs by anchoring data hashes. Users submit these hashes to Chainpoint nodes, which aggregate them into a Merkle tree; the root hash is then anchored to the Bitcoin blockchain, generating a Chainpoint proof. This proof can verify the timestamp and integrity of the data at any given time. As an open standard, Chainpoint allows unlimited data anchoring to the Bitcoin chain, enhancing scalability across various applications like document verification and supply chain management. It ensures data verification is decentralized, secure, and immutable, eliminating reliance on third-party validators.
