Blockchain
A blockchain is a shared digital record-keeping system where information is stored in linked blocks. It is used to securely track transactions and is the foundation for cryptocurrencies.
More terms under B
- Block SizeBlock size is the maximum amount of transaction data that one block in a blockchain can hold.
- Block TimeBlock time is the average time it takes for a blockchain to create a new block of transactions.
- Block TradeA block trade is a big buy or sell of securities that happens away from the regular market. It often involves a financial middleman to help manage risks for…
- Blockchain 1.0Blockchain 1.0 refers to the first version of blockchain technology that primarily supports cryptocurrencies like Bitcoin and emphasizes decentralization,…
- Blockchain 2.0Blockchain 2.0 builds on the original blockchain by adding smart contracts, which allow for automatic and secure transactions without needing a middleman. This…
- Blockchain 3.0Blockchain 3.0 is the next stage of blockchain technology that aims for widespread use by businesses and governments around the world.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.