Blockchain
A shared record of transactions maintained by many independent computers, where each block of entries is cryptographically linked to the one before it. Rewriting history therefore requires redoing everything after the change.
Also called block chain · distributed ledger
A shared record of transactions maintained by many independent computers, where each block of entries is cryptographically linked to the one before it. Rewriting history therefore requires redoing everything after the change.
Why it matters
The design makes records hard to alter. It does not make the information recorded in them true.
Related terms
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Layer 2
A network built on top of a base blockchain that processes transactions separately and…
Circulating Supply
The number of tokens currently available to trade, excluding those locked, reserved or not…
Private Key
The secret number that authorises transactions from an address. Possession of the key is…
Whale
A holder large enough that their transactions can move a market on their own.
Token
A digital asset issued on an existing blockchain rather than having its own. Tokens…
Self-Custody
Holding your own keys rather than leaving assets with an exchange or custodian.