blockchain
a database that supports virtual currency
TRANSLATION
blockchain = dezentrale Datenbank, in der alle Bitcoin-Transaktionen verzeichnet und verlinkt werden --- GOOGLE INDEX blockchain: approximately 4,900,000 Google hits
STATISTICS
IN THE PRESS
The transaction starts with Alice's wallet proposing that the BLOCKCHAIN be changed so as to show Alice's wallet a little emptier and Bob's a little fuller.
(Australian Financial Review)
---
"Many of you have heard about not only bitcoins but BLOCKCHAINS and that unbelievable technology that underlies the bitcoins of this world at the moment..."
(Christine Lagarde, head of the International Monetary Fund (IMF), to the Financial Times)
(Australian Financial Review)
---
"Many of you have heard about not only bitcoins but BLOCKCHAINS and that unbelievable technology that underlies the bitcoins of this world at the moment..."
(Christine Lagarde, head of the International Monetary Fund (IMF), to the Financial Times)
Did you
know?
blockchain
noun
- a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly
(Oxford Dictionary)
---
In a company, a bookkeeper records payments in and payments out in a type of journal called a ledger. Bookkeeping for the virtual currency, bitcoin, is managed through a database system referred to as a blockchain. All bitcoin transactions that have been performed are kept in the blockchain. This record of digital transactions is decentralized and shared by many different parties.
Each unit, or block, is added in chronological order, forming a chain that gives users a complete history of all transactions, much as your bank statement shows the history of your transactions. Once blocks have been added, they may never be removed.
(adapted from Investopedia)
---
SYNONYMS
database, record of transactions, public record, ledger
---
SMUGGLE OWAD into today's conversation
"Blockchain technology could one day revolutionize financial services."
noun
- a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly
(Oxford Dictionary)
---
In a company, a bookkeeper records payments in and payments out in a type of journal called a ledger. Bookkeeping for the virtual currency, bitcoin, is managed through a database system referred to as a blockchain. All bitcoin transactions that have been performed are kept in the blockchain. This record of digital transactions is decentralized and shared by many different parties.
Each unit, or block, is added in chronological order, forming a chain that gives users a complete history of all transactions, much as your bank statement shows the history of your transactions. Once blocks have been added, they may never be removed.
(adapted from Investopedia)
---
SYNONYMS
database, record of transactions, public record, ledger
---
SMUGGLE OWAD into today's conversation
"Blockchain technology could one day revolutionize financial services."
