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 3 names in this directory beginning with the letter F.
Fiat
Government-issued currency currently accepted for transactional purchases. These include the US Dollar (USD), Euro (EUR), Japanese Yen (YEN) and many others totalling approximately 775 fiat currencies.
Fork    
A fork is an alteration or bifurcating of the blockchain data in a public blockchain. Forking results in an alternate version of the blockchain, which leaves two blockchains to run simultaneously on a different "leg" of the network.
Fungible
When you say a coin is "fungible", you are saying that the coin or digital asset and the value it represents is identical. Bitcoin is a fungible coin because every Bitcoin is the same and represents the same asset class. In other words, while the value of a fungible coin is always the same, so is what it stands for. If I bought a pizza with a fungible coin, then the coin does not represent any part of the pizza. If I bought a pizze with a non-fungible coin, then the coin might represent a particular slice of the pizza.
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