noun
- a digital ledger in which transactions are recorded in blocks that are linked together in a chain and secured using cryptography, typically used in cryptocurrency systems and distributed databases
Usage: technology term; often used in computing and finance contexts
Examples
- Bitcoin operates on a blockchain that records all transactions across a network of computers.
- The company is exploring blockchain technology to improve supply chain transparency.
- Each block in a blockchain contains a cryptographic hash of the previous block, making it extremely difficult to alter past records.
- Blockchain has applications beyond cryptocurrency, including healthcare and legal document verification.
- The immutable nature of blockchain makes it attractive for secure record-keeping.