Login All news Marketcap Crypto Glossary Exchange Crypto meme
2020 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

Blockchain

“The Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution (2016)

To put it in an even more simple way, blockchain is like a distributed database, with copies of itself being hosted on a large amount of computers (millions of them) … and this database is continuously reconciled. As you can imagine, it's virtually impossible to make a change simultaneously to all of the copies at the same time, that's why it's pretty much impossible to hack a blockchain … at least with current technology.

For the sake of easy understanding, let's say that every Crypto Currency “runs” on it's own Block Chain OR uses the Block Chain of some other Crypto Currency, that is designed for such purposes.


Top Gainer24h
Melon
$4,5956
34,35
Top Looser24h
bitUSD
$0,852
-87,39
Crypto Glossary
Gwei
Another denomination of ether. Gas prices are most often measured in Gwei.…
Trading Bot
Automated software application that is capable of trading (buy/sell) crypto…
Consensus
For a block, or any transaction recorded in the blockchain, to be considere…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.