In IPH*System, blockchains are in fact rings ...
Our Ledger is a set of cryptographic hashes (representing blocks) organized in a loop rather than linear chain.
The block*Ringâ„¢ is secure by a proof-of-work only done once at the creation of the first block. as the hash of the genesis block needs to match the mutable pointer.
Every block are immutable, this means be change without breaking its security hash the only operation allowed is to insert block at the top of the ring as this Genesis block is the only one which contains a mutable pointer.
The Genesis block is slightly different in a sens that it hash is not immutable by cryptomorphic i.e. it evolves with the status of the block*ring.
data_i = payload)||pub(top-hash_i) cipher_i = enc(priv(top-hash_i),data_i)
verif = dec(pub(top-hash_i),cipher_i) == payload||pub(top-hash_i)
data_i+1 = enc(priv(top-hash_i+1),data_i);
This gives you the immediate proof of chain integrity and also gives the realtime status of the blockring
Genesis block is signed by bots who maintain the ring.