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GLOSSARY

Blockchain

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A blockchain is a decentralized, distributed ledger that securely records transactions across a network of computers.

What is Blockchain?

A blockchain is like a digital ledger that stores transactional data across a network of computers. It is decentralized, transparent, and secure.

Why it Matters for Startups

Blockchain technology can help startups streamline operations, increase transparency, and enhance security in various industries such as finance, supply chain, and healthcare.

Examples of Blockchain

  • Bitcoin: A digital currency that operates on a blockchain network.
  • Ethereum: A platform for building decentralized applications using blockchain technology.

Related Concepts

Smart Contracts: Self-executing contracts with the of the agreement directly written into code on the blockchain.

Decentralized Finance (DeFi): Financial services built on blockchain networks, allowing for peer-to-peer transactions without traditional intermediaries.

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