METHOD AND APPARATUS FOR CREATING A FINITE BLOCKCHAIN

摘要

An apparatus and method for creating a finite blockchain is provided. The blockchain comprises a genesis block that is the first block of the blockchain. The genesis block comprising a genesis expiry time. The method comprises the steps of creating a reincarnation block when a predefined condition is satisfied and appending it to the blockchain; determining whether the genesis expiry time has elapsed based on an expiry period; if the genesis expiry time has elapsed then identifying a first reincarnation block; if the first reincarnation block is identified then deleting all the blocks preceding the first reincarnation block including the genesis block in the block chain.