区块链英语词汇

Understanding Common Blockchain Terminology

Blockchain technology has introduced a plethora of new terms and concepts into the world of finance, technology, and beyond. Whether you're diving into the world of cryptocurrencies, exploring decentralized finance (DeFi), or simply seeking to understand the underlying technology, familiarizing yourself with these common blockchain terms is essential. Let's explore some of the key terminology:

1.

Blockchain

: A distributed ledger technology that records transactions across multiple computers in a way that makes them tamperresistant and immutable.

2.

Cryptocurrency

: Digital or virtual currencies that use cryptography for security and operate independently of a central bank.

3.

Decentralization

: The process of distributing or dispersing power away from a central authority or control.

4.

Consensus

: An agreement among members of a blockchain network on the validity of transactions.

5.

Mining

: The process of validating transactions and adding them to the blockchain ledger using computational power.

6.

Wallet

: A digital tool used to store, send, and receive cryptocurrencies.

7.

Smart Contract

: Selfexecuting contracts with the terms of the agreement directly written into code.

8.

Token

: A digital asset issued on a blockchain representing ownership of an underlying asset or utility.

9.

Immutable

: Once recorded, data on a blockchain cannot be altered or deleted.

10.

Node

: A computer connected to a blockchain network that maintains a copy of the blockchain and helps validate transactions.

11.

Address

: A unique identifier used to send and receive cryptocurrencies on a blockchain.

12.

Private Key

: A secret cryptographic key that allows access to a cryptocurrency wallet and the ability to sign transactions.

13.

Public Key

: A cryptographic key that can be shared publicly and is used to generate addresses for receiving cryptocurrencies.

14.

Blockchain Explorer

: An online tool that allows users to view and track transactions on a blockchain.

15.

Fork

: A split in the blockchain resulting in two separate chains with a shared history up to the point of the fork.

16.

Tokenization

: The process of converting rights to an asset into a digital token on a blockchain.

17.

Permissioned Blockchain

: A blockchain where access and participation are restricted to certain entities.

18.

Permissionless Blockchain

: A blockchain where anyone can participate and access the network without permission.

19.

Gas

: The fee required to execute a transaction on some blockchain networks, such as Ethereum.

20.

DApp (Decentralized Application)

: An application that runs on a decentralized network of computers rather than a single server.

By familiarizing yourself with these common blockchain terms, you'll be better equipped to navigate the rapidly evolving landscape of blockchain technology and its applications. Whether you're an investor, developer, or simply curious about the future of finance and technology, understanding these concepts is essential.