blockchain
Americannoun
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a structure used for a distributed or shared database consisting of discrete blocks of data, with each new block secured and connected to earlier ones by cryptography: used to create digital ledgers for cryptocurrency systems, among other things.
Several schools now offer courses in the technology behind blockchain.
Under the scheme, farmers would add information about their produce to a blockchain database that could quickly pinpoint contamination.
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a distributed or shared database created and populated using a structure consisting of discrete blocks of data, with each new block secured and connected to earlier ones by cryptography.
Once the transaction gets verified, it's recorded in the blockchain.
Etymology
Origin of blockchain
First recorded in 2010–15; block ( def. ) + chain ( def. )
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The New York Stock Exchange said on Monday that it is building a platform that uses blockchain to allow investors to trade stocks 24/7.
From Barron's
The New York Stock Exchange said on Monday that it is building a platform that uses blockchain to allow investors to trade stocks 24/7.
From Barron's
In contrast, transactions on blockchains are settled immediately.
In October blockchain researchers from Elliptic, a crypto analysis company, warned that North Korean state-sponsored hackers are increasingly targeting wealthy cryptocurrency owners.
From BBC
Financial institutions issuing stablecoins need AI compliance monitoring and blockchain infrastructure.
From MarketWatch
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
