5 A B C D E F G H I K L M N O P R S T U V W Y Z

Blockchain

In the crypto world, the term blockchain refers to a public database that is distributed across numerous computers worldwide. It is used to process transactions in the network. The name chain comes from the fact that transactions are added in blocks in chronological order.

The established cryptocurrencies are based on public blockchains. Although it would also be possible to make blockchains not publicly accessible, this usually does not make sense within the crypto world.

Infographic: How the Blockchain Works