What Is Blockchain? Meaning & Example
Definition
A blockchain is a shared digital ledger where transactions are grouped into blocks and linked together in order. Many computers keep copies, making records very hard to alter.
Related terms
A cryptocurrency is a digital asset that uses cryptography and a blockchain to record ownership and transfers. Most are not issued by governments and can be very volatile.
Smart ContractA smart contract is a program stored on a blockchain that runs automatically when set conditions are met. It powers DeFi, NFTs and many other applications.
MiningMining is the process of using computing power to validate transactions and add new blocks in proof-of-work blockchains. Miners earn newly created coins and fees as rewards.
What is Blockchain?
A blockchain is a shared digital ledger where transactions are grouped into blocks and linked together in order. Many computers keep copies, making records very hard to alter.
Can you give an example of Blockchain?
Each block contains a batch of transactions and a reference to the previous block, forming a chain.