Blockchain

Pronunciation: /ˈblɑːkˌtʃeɪn/

Definitions of Blockchain

noun a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly

Example Sentences

A1 Blockchain technology is used to securely store transaction data.

A2 Many people are still unfamiliar with how Blockchain works.

B1 Companies are exploring the potential of Blockchain for supply chain management.

B2 Blockchain has the potential to revolutionize the financial industry.

C1 The implementation of Blockchain requires a deep understanding of cryptography and distributed systems.

C2 Blockchain technology is being adopted by governments to improve transparency and reduce fraud.

Examples of Blockchain in a Sentence

formal The company implemented a Blockchain technology to secure their financial transactions.

informal I heard that Blockchain is being used to track the supply chain of products.

slang Blockchain is like a digital ledger that can't be messed with.

figurative In a way, Blockchain is like a chain of blocks that stores information securely.

Grammatical Forms of Blockchain

• past tense: blockchained
• plural: blockchains
• comparative: more blockchain
• superlative: most blockchain
• present tense: blockchains
• future tense: will blockchain
• perfect tense: have blockchained
• continuous tense: is blockchaining
• singular: blockchain
• positive degree: blockchain
• infinitive: to blockchain
• gerund: blockchaining
• participle: blockchained

Origin and Evolution of Blockchain

First Known Use: 2008 year

Language of Origin: English

Story behind the word: The term 'blockchain' originated from the concept of a chain of blocks used in cryptography and computer science.

Evolution of the word: Initially used in the context of Bitcoin's whitepaper by Satoshi Nakamoto, the term 'blockchain' has evolved to represent a decentralized digital ledger technology used in various industries beyond cryptocurrencies.