Blockchain Terminology: A Glossary For Beginners
whatis.com, Thursday, June 8,2023
Blockchain terminology can be difficult to understand, especially for those new to the technology. This glossary can help beginners learn about the basics of blockchain.
Block chain technology is used in many different business functions. But despite its popularity, many people are confused about what it is and what its capabilities are.
Blockchain is a distributed ledger technology that functions as a decentralized and highly secure database. A blockchain network consists of many nodes that contain a copy of the database. This makes it so a failure of one or more nodes does not affect the accessibility of the database.