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 G.
Gas (Ether)    
Gas measures the amount of effort it takes to complete a transaction in Ethereum. By measuring the effort, an algorithm calculates the amount in Ether necessary to process, or compute, a transaction. A complex transaction may take more Gas to complete than a simple transaction.
Genesis Block    
The very first block of a blockchain. The definition means "first" block, but often times the genesis block is referring to the first several blocks on a chain. The genesis block is often referred to as the first block on a blockchain. Interesting note is that the genesis block for Bitcoin quotes the headline of the New York Times the day the block was created, “03/Jan/2009 Chancellor on brink of second bailout for banks”.
Governance     
Governance is equitable to leadership in a centralized organization. In a decentralized manner, governance is the adminstration of a blockchain company driven by the calculated rules of an organization. For instance, masternode governance is the adoption of rules based on the number of masternodes in a network.
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