Blockchain Terminology in English区块链术语英文怎么说

Blockchain is a decentralized digital ledger that records transactions across multiple computers in a secure and transparent manner. It uses cryptography to ensure that each transaction can only be added to the chain once and cannot be altered without being detected. The technology behind blockchain has been applied in various industries such as finance, supply chain management, healthcare, and voting systems.

区块链术语英文怎么说

Blockchain is a distributed ledger technology that enables secure and transparent recording of transactions across multiple parties without the need for intermediaries. It operates on a decentralized network where each node maintains a copy of the blockchain and can verify the authenticity of transactions using cryptographic algorithms.

Key Terms:

1、Blockchain:

- Definition: A decentralized digital ledger that records transactions between two or more parties in a secure manner.

- Example: Bitcoin.

2、Cryptocurrency:

- Definition: Digital currency based on blockchain technology that uses cryptography to secure its transactions and control the creation of new units.

- Examples: Bitcoin, Ethereum.

3、Smart Contracts:

- Definition: Automated computer programs stored on a blockchain that execute automatically when certain conditions are met.

- Example: IBM's Smart Contract-as-a-Service (SCaaS).

4、Miner:

- Definition: A participant in the blockchain network who earns a reward for successfully verifying transactions and adding them to the blockchain.

- Example: Bitcoin miners.

5、Wallet:

- Definition: A software application used to store and manage cryptocurrency.

- Example: MetaMask, Coinbase Wallet.

6、Block:

- Definition: The smallest unit of data stored on a blockchain, containing transaction data and links to the previous block.

- Example: A single block on Bitcoin's blockchain.

7、Hash:

- Definition: A unique identifier for a block in the blockchain.

- Example: SHA-256 hash of a block.

8、Transaction:

- Definition: An entry in a blockchain that represents a transfer of value between two parties.

- Example: Sending bitcoins from one address to another.

9、Consensus Algorithm:

- Definition: A mechanism used by nodes in a blockchain network to agree on the state of the blockchain and prevent double-spending.

- Examples: Proof-of-work (PoW), Proof-of-stake (PoS), Delegated proof-of-stake (DPoS).

10、Distributed Ledger:

- Definition: A system where all participants have access to the same data, allowing for transparency and immutability.

- Example: Bitcoin blockchain.

11、Decentralized Network:

- Definition: A network where no central authority controls it, but rather relies on the consensus of participating nodes.

- Example: Bitcoin network.

12、Public/Private Keys:

- Definition: Pair of keys used for encrypting and decrypting messages.

- Example: Private key for signing transactions, public key for receiving payments.

13、Peer-to-Peer (P2P):

- Definition: A network of computers that communicate directly with each other over a network without a central server.

- Example: Bitcoin P2P network.

14、Timestamping:

- Definition: The process of recording a time stamp with each transaction to ensure its integrity.

- Example: Timestamps added to Bitcoin blocks.

15、Gas Fees:

- Definition: Transaction fees paid to miners to confirm transactions on the blockchain.

- Example: Gas fees charged to send bitcoins from one wallet to another.

16、Blockchain Explorer:

- Definition: Web interface that allows users to view the contents of a blockchain.

- Example: Etherscan, Blockchair.

These terms provide a foundational understanding of how blockchain technology works and its various applications. Understanding these terms is crucial for anyone interested in cryptocurrencies, decentralized finance, or blockchain-based systems.

Blockchain Terminology in English