Blockchain

- CoinGecko 님 | 업데이트: 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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관련 용어

Bitcoin Improvement Proposal (BIP)
Refers to improvement proposals for Bitcoin, used to introduce features or any updates on the Bitcoin network.
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
HODL
A crypto slang of saying holding the assets rather than selling it. A crypto slang encouraging investors to hold on to their assets rather than selling it.
Utility Token
cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.
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