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blockchain

blockchain Once a new technology rolls over you, if you’re not part of the steamroller, you’re part of the road. Stewart Brand So, one of the buzzwords lately is the headway of blockchains and cryptographic hash functions in the daily routine. What is a blockchain? So you take out your flashy new phone and bring up voice assistant and ask it, define blockchain . It pops the following text. blockchain /ˈblɒktʃeɪn/ noun a system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network. Sounds a lot like technical jargon, isn’t it? As a matter of fact, it totally is. It is easier to understand when split right in the middle. So, blockchain becomes, block : /blɒk/ noun - a large solid piece of hard material, especially rock, stone, or wood, typically with flat surfaces on each side. chain : /tʃeɪn/ noun - a sequence of items of the same type forming a line. Now, wh