Blockchain definition

Blockchain means a digital ledger or database which is chronological, consensus-based, decentralized and mathematically verified in nature;
Blockchain means a mathematically cryptographically secured, chronological, and decentralized consensus ledger or consensus database, whether maintained via Internet interaction, peer-to-peer network, or otherwise other interaction.

Examples of Blockchain in a sentence

  • That same year, the WTO hosted a research workshop on blockchain and international trade in which the WTO publication Can Blockchain Revolutionize International Trade was presented, followed up by a series of panels on trade finance, Customs and border procedures, and logistics.

  • The Blockchain may be exposed to attacks by hackers or other individuals that could result in theft or loss of the Cash Balances and/or Issued Tokens.

  • Any malfunction, flaws or breakdown of the Blockchain may have a material adverse effect on the Issued Tokens.

  • BTCS’s performance as a Validator is administerial in nature and is intended to result in Delegators, who participate in a blockchain’s consensus network, to earn Staking Rewards directly from the Supported Blockchain Networks.

  • The Cash Balances and/or Issued Tokens are based on the Blockchain, which is a private permissioned blockchain operated by the Exchange, which is still in a relatively early development stage and is unproven for this purpose.


More Definitions of Blockchain

Blockchain means a digital ledger or database of transactions relating to digital assets which are recorded chronologically and capable of being audited;
Blockchain means a type of distributed ledger, comprised of unchangeable, digitally recorded, data in packages called blocks.
Blockchain means a system in which records of transactions made in Digital Assets are maintained across several computers that are linked in a peer-to-peer network.
Blockchain means a digital ledger or database which is
Blockchain means a digital ledger or database which is chronological, consensus-
Blockchain means a mathematically cryptographically secured,
Blockchain means a digital ledger or database that is chronological, consensus based, decentralized, and mathematically verified in nature.