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Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

Blockchain

Blockchain is most simply defined as a decentralized, distributed ledger technology that records the provenance of a digital asset. To put it simply it is a kind of database for storing information related to the crypto world.

 

However, it works in a completely different way when compared to a normal database. Usually, databases organize the data using tables or indexes, but when it comes to blockchain the way how information is stored relies on blocks that are chained together.

 

Whenever new data enters the blockchain, it is stored in a new block. And when the data block is full, the blockchain connects it to the prior existing block. In this way, the complete system works on a chained system that follows a particular order while undergoing the process.

Blockchain is most simply defined as a decentralized, distributed ledger technology that records the provenance of a digital asset. To put it simply i...

Other Important Terms

Bounty program

Bounties are simple tasks of jobs by the team behind a coin. These can be as simple as joining a Tel...

Airdrop

An airdrop is a way to distribute coins. End users can generally get coins for free or in exchange f...

Smart Contract

A smart contract is a computer program or a transaction protocol respectively, which is intended to...

Anti-Money Laundering

AML is the abbreviation for ‘anti-money laundering. AML stands for policy and legislation on m...

Ethereum

Launched in 2015, Ethereum is the world's programmable blockchain. Like other blockchains, Ethereum...

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