Category: Infrastructure

Blockchain is a distributed and immutable ledger technology used to securely record transactions across decentralized networks.

A distributed ledger is a shared and synchronized digital database spread across multiple locations, enabling secure and tamper-proof transaction recording.

A smart contract is a self-executing agreement with terms written directly into blockchain-based code.

A consensus mechanism is a method used by distributed systems and blockchains to agree on the same data without a central authority.

A node is a computer or device in a blockchain network that stores a copy of the ledger, validates transactions, and helps maintain decentralization.

Decentralization in blockchain refers to distributing power and control across a network, avoiding reliance on any single central authority.

Immutability means blockchain data can’t be changed or deleted once recorded, ensuring transparency and trust in decentralized systems.

Transparency in blockchain means anyone can audit and verify transactions in real time via a public, decentralized ledger.

A transaction is a recorded exchange of value or data on a blockchain, such as sending cryptocurrency or interacting with a smart contract.

Atomic swaps are smart contract-based exchanges that allow users to trade cryptocurrencies across different blockchains without the need for centralized intermediaries.

Blockchain oracles are services that connect smart contracts to off-chain data sources, enabling blockchains to interact with real-world information.

The account model is a blockchain data structure that tracks balances by accounts rather than unspent outputs.