blockchain

noun

block·chain ˈbläk-ˌchān

: a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network

also : the technology used to create such a database

The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. —

Marco Iansiti and Karim R. Lakhani

Examples of blockchain in a Sentence

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Today, that same sense of possibility propels me to blend blockchain, cryptocurrency and property ownership in ways that disrupt the status quo and invite others to see new horizons. —

Gordon G. Chang, Newsweek, 25 Jan. 2025 Cryptocurrency Fraud: Exploiting The Irreversible Cryptocurrency fraud is thriving, thanks to the decentralized, irreversible nature of blockchain transactions. —

Mike Britton, Forbes, 24 Jan. 2025 The investors The sales of the tokens are recorded anonymously on the blockchain, the public ledger that underpins crypto transactions. —

Michelle Conlin and Tom Wilson, USA TODAY, 23 Jan. 2025 Because all holders’ wallets, including those of Trump and the coin’s creators, are visible on the blockchain, any transactions they’re involved in will be closely watched. —

Rob Wile, NBC News, 21 Jan. 2025 See all Example Sentences for blockchain