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 The big picture: The rise in prediction markets mirrors a broader adoption of sports betting and online gambling, which have become more popular amid regulatory rollbacks and advances in blockchain technologies. —

Sara Fischer, Axios, 16 July 2024 Andrew Keys, who is part of Darma Capital, focused on digital asset risk management and blockchain technology, gave $10,000. —

Chris Morris, Fortune, 15 July 2024 According to blockchain data platform Chainalysis, over $3.8 billion worth of cryptocurrency was stolen from users in 2022. —

Vinamrata Chaturvedi, Quartz, 5 July 2024 You May Also Like Related Articles The latter is aimed at helping companies chart their own eco-transition and make valuable and reliable sustainability claims via policies, information exchange standards and blockchain pilots geared at transparency and traceability. —

Andrea Onate, WWD, 3 July 2024 See all Example Sentences for blockchain

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.