What does blockchain mean?
Definitions for blockchain
blockcha·in
This dictionary definitions page includes all the possible meanings, example usage and translations of the word blockchain.
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Wikipedia
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".
Numerology
Chaldean Numerology
The numerical value of blockchain in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of blockchain in Pythagorean Numerology is: 6
Examples of blockchain in a Sentence
It takes time to process a management change before we adopt a new technology. Even cloud technology is still being debated, let alone blockchain.
It really fueled my passion for helping others have access to cryptocurrency and to learn about blockchain technology.
The idea of blockchain and bitcoin are completely inseparable, the blockchain is only as secure and as powerful as it is because there is this constant movement of tokens (bitcoins) on the blockchain.
Someone who says blockchain can be used to solve Problem X doesn't understand Problem X.
We are excited about joining R3 and look forward to developing and using blockchain technology to create a more efficient way of managing financial assets digitally end-to-end.
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Translations for blockchain
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"blockchain." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/blockchain>.
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