Balances - block chain

The block chain is a shared public transaction log on which the entire Franko network relies. All confirmed transactions are included in the block chain with no exception. This way, new transactions can be verified to be spending frankos that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.

Transactions - private keys

A transaction is a transfer of value between Franko addresses that gets included in the block chain. Franko wallets keep a secret piece of data called a private key  for each Franko address. Private keys are used to sign transactions, providing a mathematical proof that they have come from the owner of the addresses. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and confirmed by the network in the following minutes, through a process called mining .

Processing - mining
