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 L.
Ledger
Just like a physical ledger, this is a collection of information attributed to a unique identifier (account, individual, etc.) where the information is entered and maintained. Different from a physical ledger, the information is immutable and cannot be erased, changed or altered because it exists not in one place, but in the blockchain record held on every node (participant) in the network. This ledger can only be appended.
Lightning network
An added layer (Layer 2) allows for faster transaction processing by using a "Payment Channel" that can be opened by participants without actually sending them to the blockchain. Once the channel is closed, the payment is recorded and then sent to the blockchain for entry. This speeds up the time it takes to complete a transaction.
Liquidity
The ability to convert assets to a form of payment accepted in exchange for a service or product. For cryptocurrency, it is the ability to readily exchange digital assets for goods or services.
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