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BLOCKCHAIN#1

A decentralized digital ledger that records transactions across many computers securely and transparently.

SMART CONTRACTS#2

Self-executing contracts with the terms of the agreement directly written into code, enabling automated transactions.

CRYPTOCURRENCY#3

A digital or virtual currency that uses cryptography for security and operates on blockchain technology.

DECENTRALIZATION#4

The distribution of authority and control away from a central entity, enhancing security and transparency.

TRANSACTION#5

An exchange of value recorded on the blockchain, typically involving the transfer of cryptocurrency.

NODE#6

A computer that participates in the blockchain network, maintaining a copy of the blockchain and validating transactions.

MINING#7

The process of validating transactions and adding them to the blockchain, often rewarded with cryptocurrency.

LEDGER#8

A record-keeping system that maintains a list of transactions; in blockchain, it is distributed and immutable.

CONSENSUS MECHANISM#9

A protocol used to achieve agreement on a single data value among distributed processes or systems.

PUBLIC BLOCKCHAIN#10

A blockchain that is open for anyone to join and participate in, promoting transparency and accessibility.

PRIVATE BLOCKCHAIN#11

A blockchain restricted to a specific group of users, offering more control and privacy.

HARD FORK#12

A significant change to the blockchain protocol that is not backward compatible, resulting in a split into two chains.

SOFT FORK#13

A backward-compatible change to the blockchain protocol that allows previously valid transactions to remain valid.

ICO (INITIAL COIN OFFERING)#14

A fundraising method where new cryptocurrencies sell tokens to investors, often used to raise capital for projects.

WALLET#15

A digital tool that allows users to store, send, and receive cryptocurrencies securely.

TOKEN#16

A digital asset created on a blockchain, representing a unit of value or utility, often used in ICOs.

DAPP (DECENTRALIZED APPLICATION)#17

An application that runs on a decentralized network, utilizing smart contracts for backend operations.

GAS#18

A fee required to execute transactions or smart contracts on the Ethereum blockchain, measured in Ether.

BLOCK#19

A collection of transactions that are bundled together and added to the blockchain.

CHAIN#20

A series of blocks linked together, forming the complete history of transactions on a blockchain.

CRYPTOGRAPHY#21

The practice of securing information through encoding, ensuring privacy and integrity of data.

SYNCHRONIZATION#22

The process of ensuring that all nodes in the blockchain network have the same data and transaction history.

VALIDATOR#23

A participant in the blockchain network responsible for validating and confirming transactions.

APPLICATION#24

A software program that utilizes blockchain technology to solve specific problems or provide services.

USE CASE#25

A specific scenario in which blockchain technology is applied to address a particular challenge or need.