Blockchain

How it is used

The basic word of the whole field. People build on a blockchain, record data on the blockchain and compare public and private blockchains. It is countable (Bitcoin and Ethereum are two different blockchains) and often works like an adjective: blockchain technology, blockchain developer.

Example sentences

1. Every transfer is recorded on the blockchain, so anyone can check it later.

2. We are looking for a blockchain developer with at least two years of Solidity experience.

Common collocations

• public blockchain
• private blockchain
• blockchain technology
• build on a blockchain
• record on the blockchain

Related terms

• blockA batch of confirmed transactions that is added to a blockchain at one time. Each block contains the hash of the previous block, which links the blocks together into a chain.
• ledgerA record of who owns what and of every transfer between accounts. A blockchain is a type of distributed ledger: many computers keep the same copy instead of one bank or company.
• nodeA computer that runs the blockchain software, keeps a copy of the ledger and passes transactions and blocks on to other computers in the network.
• decentralizedNot controlled by one company, server or person. In a decentralized system, many independent participants share control and keep the network running together.
• immutableImpossible to change or delete once recorded. Blockchain records are called immutable because rewriting a confirmed block would require taking control of most of the network.

More terms: Blockchain Basics

• hash
• peer-to-peer
• whitepaper
• on-chain
• off-chain