Blockchain dictionary

The blockchain terms that come up when you run a business, defined in plain English and sourced.

C

The agreed method a blockchain uses so many computers accept one shared set of records.

A mathematical way to prove who approved a digital document and that it was not changed.

Software that stores the keys and credentials you need to hold and use digital assets.

A short one-way fingerprint of data that changes completely if the data is altered.

A transaction record that can only be added to, never quietly changed or deleted.

A secret value only its owner holds, used to decrypt messages or create their signature.

A value you can share openly so others can encrypt to you or check your signature.

A program on a blockchain that carries out an agreement when its conditions are met.

Recording the trusted date and time that data existed or an event happened.

Replacing a valuable or sensitive item with a stand-in digital token that represents it.

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