Definitions for BlockChain
blockcha·in

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1. Blockchain

   A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash). By design, a blockchain is resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications, and blockchains which are readable by the public are widely used by cryptocurrencies. Private blockchains have been proposed for business use. Sources such as the Computerworld called the marketing of such blockchains without a proper security model "snake oil".

How to pronounce BlockChain?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say BlockChain in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of BlockChain in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of BlockChain in Pythagorean Numerology is: 6

Examples of BlockChain in a Sentence

1. John Collomosse:

   This is an application of blockchain for the public good, in my view, the only reasonable use of the blockchain is when you have independent organizations that dont necessarily trust one another but they do have this vested interest in this collective goal of mutual trust. And what were looking to do is secure the National Archives of government all around the world, so that we can underwrite their integrity using this technology.

2. Alex Marquez:

   We have serious interest in the blockchain and we think the technology would have an impact on the organization, the fact that we have such a large group of people working on this shows how serious we are about the potential of this technology.

3. Ashwin Kumar:

   The blockchain technology won't make market infrastructure providers obsolete, (But) ignoring it would be like saying: 'Why do we need email instead of regular mail?'.

4. Anirudh Rastogi:

   I think the government is not entirely sure what it wants to do from a policy perspective, it knows where it wants to land broadly. It wants to find the right balance where it is not disconnected from the global progress in blockchain and other tech, but it wants to also address concerns regarding cryptocurrency.

5. Judd Bagley:

   If there is very little demand for the preferred, then it would be 70-30 in favor of the blockchain-traded stocks, this would depend on who wants to buy how much.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Blockchain