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BLOCKCHAIN#1
A decentralized digital ledger that records transactions across many computers securely and transparently.
DECENTRALIZATION#2
The distribution of authority, control, and information away from a central entity, enhancing transparency and security.
SMART CONTRACT#3
Self-executing contracts with the terms of the agreement directly written into code, automating processes.
CRYPTOCURRENCY#4
Digital or virtual currency that uses cryptography for security, enabling secure transactions.
LEDGER#5
A record-keeping system that maintains transaction history; in blockchain, it is shared and immutable.
NODE#6
A computer that participates in the blockchain network, validating and relaying transactions.
HASHING#7
A process that converts input data into a fixed-length string of characters, ensuring data integrity.
MINING#8
The process of validating transactions and adding them to the blockchain, often involving complex computations.
PUBLIC KEY#9
A cryptographic key that allows users to receive cryptocurrencies; it is shared openly.
PRIVATE KEY#10
A secure cryptographic key that allows users to access and manage their cryptocurrency holdings.
TOKEN#11
A digital asset created on a blockchain, often representing a utility or value within a specific ecosystem.
ICO (INITIAL COIN OFFERING)#12
A fundraising method where new cryptocurrencies are sold to investors, often before the official launch.
DAPP (DECENTRALIZED APPLICATION)#13
Applications that run on a blockchain or peer-to-peer network, rather than a centralized server.
LEDGER TECHNOLOGY#14
The underlying technology of blockchain that allows for secure, transparent, and tamper-proof record-keeping.
INTEROPERABILITY#15
The ability of different blockchain networks to communicate and work together seamlessly.
SCALE#16
The capacity of a blockchain network to handle an increasing amount of transactions efficiently.
ADOPTION CHALLENGES#17
Obstacles that hinder the widespread use of blockchain technology, such as regulatory issues and technical barriers.
USE CASE#18
A specific application of blockchain technology in real-world scenarios, demonstrating its potential benefits.
PROOF OF WORK#19
A consensus mechanism that requires participants to solve complex mathematical problems to validate transactions.
PROOF OF STAKE#20
A consensus mechanism where validators are chosen based on the amount of cryptocurrency they hold.
FORK#21
A change or upgrade to a blockchain protocol that can create a new version or split the existing blockchain.
GOVERNANCE#22
The framework for making decisions within a blockchain network, including rules and protocols.
REGULATORY FRAMEWORK#23
The legal guidelines and policies that govern the use and implementation of blockchain technology.
EMERGING APPLICATIONS#24
New and innovative uses of blockchain technology across various sectors, such as finance, healthcare, and supply chain.