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- Dictionaryblockchain/ˈblɒktʃeɪn/
noun
- 1. a system in which a record of transactions made in bitcoin or another cryptocurrency is maintained across several computers that are linked in a peer-to-peer network: "we can actually have a look at the blockchain and see evidence of what's going on"
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5 days ago · A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is most noteworthy in its use with cryptocurrencies and NFTs.
A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves).
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).
Blockchain is a record-keeping technology designed to make it impossible to hack the system or forge the data stored on the blockchain, thereby making it secure and immutable. It's a type of distributed ledger technology ( DLT ), a digital record-keeping system for recording transactions and related data in multiple places at the same time.
Blockchain is an immutable digital ledger that enables secure transactions across a peer-to-peer network. It records, stores and verifies data using decentralized techniques to eliminate the need for third parties, like banks or governments. Every transaction is recorded, then stored in a block on the blockchain.
Jun 6, 2024 · A blockchain is a type of distributed database or ledger, which means the power to update a blockchain is distributed between the nodes, or participants, of a public or private computer network. This is known as distributed ledger technology (DLT). Nodes are rewarded with digital tokens or currency to make updates to blockchains.
Sep 19, 2022 · In its simplest form, a blockchain is a distributed list of transactions that is constantly updated and reviewed. Also known as distributed ledger technology (DLT), it can be programmed to record...
