What is Blockchain? 9 concepts
- What is Blockchain?A taxonomy that captures all the existing vocabularies in the field of blockchain technology.
- ADDRESS
- BLOCK
- COIN
- CRYPTOCURRENCYA digital store of monetary value the primary use of which is for buying and selling goods, services, or property, such as bitcoin or litecoin. Cryptocurrencies are cryptographically secured against counterfeit and often are not issued or controlled by any centralized authority (see next term for what cryptography is). Cryptocurrrencies can be referred to as tokens or coins, see the respective places in this list for what differentiates the two.
- DAPP
- SMART CONTRACTAlso known as a smart property, they are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often mirror the logic of contractual clauses, and are being implemented in certain protocol blockchains.
- TOKEN