blockchain

noun

block·chain ˈbläk-ˌchān

: a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network

also : the technology used to create such a database

The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. —

Marco Iansiti and Karim R. Lakhani

Examples of blockchain in a Sentence

Recent Examples on the Web Chitra is an investor who outlines the need for crypto’s decentralized approach to finance, i.e. putting the faith in the blockchain community rather than a big financial institution. —

Cynthia Littleton, Variety, 24 Apr. 2024 Consult legal experts to navigate the regulatory landscape and ensure your blockchain implementation adheres to relevant laws and regulations. —

Jeffrey Edell, Rolling Stone, 17 Apr. 2024 The financial sector is confronting massive changes in the form of game-changing technologies, including AI and blockchain, and unprecedented political shifts. —

Sheryl Estrada, Fortune, 17 Apr. 2024 Author: Ahad Waseem Ahad is a business, blockchain, and cybersecurity writer who often takes on art, politics, and economics too. —

Sponsored Content, The Mercury News, 8 Apr. 2024 The professionalization of blockchain forensics is central to Sterlingov’s defense strategy in the Bitcoin Fog case. —

Joel Khalili, WIRED, 27 Mar. 2024 Should the rewards of mining fall below its costs for a significant period, miners will no longer mine, the blockchain won’t be validated, and the system’s vulnerability to manipulation will rise. —

Laurent Belsie, The Christian Science Monitor, 8 Apr. 2024 The defense also contended that Chai had utilized the Terraform blockchain, and argued that the SEC could not prove otherwise without access to the Chai source code. —

Joel Khalili, WIRED, 5 Apr. 2024 Crypto Confidential: Forbes' definitive guide to crypto and blockchain, delivered to your inbox every Saturday. —

Victoria Chynoweth, Forbes, 29 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'blockchain.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.