areas of focus
Definitions and Explanations to Understand Blockchain Technologies
Go to DISTRIBUTED LEDGER
DISTRIBUTED LEDGER
A distributed ledger is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, and/or institutions.
Go to BLOCKCHAIN
BLOCKCHAIN
A blockchain is a type of distributed ledger, comprised of unchangable, digitally recorded data in packages called blocks. – See more at.
Go to CRYPTOCURRENCY
CRYPTOCURRENCY
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Go to smart contracts
smart contracts
Computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses.
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