blockchain
/ˈblɒk.tʃeɪn/ · block·chain
noun
- A shared record of past transactions in a cryptocurrency network. The blockchain technology behind Bitcoin allows for secure and transparent transactions.
noun
- A decentralized, digital ledger that records transactions across a network of computers. The blockchain is maintained by a network of nodes that verify and validate transactions.
noun
- A system of recording and verifying data in a way that makes it difficult to alter or manipulate. The blockchain system ensures the integrity of the data by creating a permanent and unalterable record.
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Did you know? The concept of blockchain was first proposed by an anonymous individual using the pseudonym Satoshi Nakamoto in a 2008 whitepaper, which described the Bitcoin protocol and its underlying technology.
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