Blockchain Terms

Below is a list of blockchain terms added by us and by our readers. If you have a question about one of these terms and would like to know more, drop us a line. If you would like to add a term or think there is an error, we want to hear from you.

 

 

Blockchain Term Glossary

Entries are below. If you would like to add a term or think there is an error with a blockchain term, contact us here. To see all terms, simply enter a % sign in the search box below and hit Enter.

Blockchain Terms

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
There are 7 names in this directory beginning with the letter A.
Accidental Fork
When two or more miners find a block almost simultaneously, an accidental fork may occur. If one chain becomes longer than the other, the network may eventually abandon the blocks not in the longer chain. These blocks are then classified as "orphaned blocks".
Address
Transactions are sent to and from cryptocurrency "addresses" over the network. An Address is used as a sending or receiving point on the network. An address is typically a string of alphanumeric characters.
Agreement Ledger
An "Agreement Ledger" is simply a distributed ledger used by two or more parties to negotiate and reach consensus.
Altcoin
An altcoin is simply any digital currency alternative to Bitcoin. There are quite a few altcoins that are simply derivatives or forks of Bitcoin such as Bitcoin Cash (BCH).
API
Acronym for Application Programming Interface, which is a software connector that helps two separate applications communicate with each other. API's typically pass sets of data from one platform to another. https://whotakescoin.com/ticker is built on a API.
ASIC
Application Specific Integrated Circuit is a "chip" made for a very specific purpose such as mining SHA-256 based coins. Because ASIC's are specific with faster processing designed for a specific task (hashing), they far outperform gpu mining gear. ASIC miners (hardware) are designed to perform specific hashes as fast as possible in order to increase mining revenue.
Attestation Ledger
This is a distributed ledger providing a durable record of agreements, commitments or statements. In turn, this provides evidence, or "Attests" that agreements, promises, commitments or statements were made in fact.
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