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Blockchain

By CoinGecko | Updated on Mar 03, 2020
A digital ledger where data is recorded in a chronological order. In Bitcoin's case, it is a decentralized, public ledger which contains transactional information. Users can verify that transactions have occured simply by looking at the data that is publicized on the Bitcoin network. In a blockchain, the next piece of information that will be added is always linked to a previous, already confirmed information of the blockchain through the use of a hash which describes the past content. With the hash, every block of information in a blockchain becomes referenced with one another, and cannot be easily swapped out, thereby qualifying as an immutable ledger.

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Related Terms

Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
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