Aurum

Simply explained

Imagine a finite amount of currency (aurum). The total currency is split among accounts that have an aurum balance. There exists a table that keeps track of accounts and their corresponding balances. A server (called a producer) manages this table and processes requests. When an account wants to send aurum to another account, it sends a contract request to the producer. The producer has a window of time that it accepts and validates requests. Once this window closes, it bundles up all the valid requests, updates the table, and records the batch in a file called the blockchain. It then reopens the window for the next batch. The producer stacks these batches (blocks) in the record one-by-one, growing indefinitely.