Glossary Term
Blockchain
A distributed ledger technology that maintains a continuously growing list of records secured from tampering and revision.
Beginner
Technology
Crypto Terminology
Blockchain: what is it?
Examples
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Bitcoin was the first implementation of blockchain technology
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Ethereum extended blockchain capabilities with smart contracts
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Solana offers high throughput with its proof-of-history consensus
Common Use Cases
Financial transactions without intermediaries
Supply chain tracking and verification
Digital identity management
Decentralized applications (dApps)
Pro Tips
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Different blockchains offer different trade-offs between security, decentralization, and scalability
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Public blockchains are transparent but private blockchains can limit who sees the data
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Consider transaction costs and confirmation times when choosing a blockchain