Blockchain
5 terms in this category.
Blockchain
A decentralized digital ledger that records transactions across many computers simultaneously.
View definitionConsensus Mechanism
A protocol that enables nodes in a decentralized network to collectively agree on the state of the ledger.
View definitionDecentralization
The distribution of control and decision-making from a single central authority to many independent participants within a network.
View definitionMerkle Tree
A cryptographic tree data structure that optimizes data integrity verification in blockchain.
View definitionProof of Work
A blockchain consensus mechanism that requires miners to solve computationally intensive cryptographic puzzles to validate blocks.
View definition