Blockchain
(noun): A digital ledger or record-keeping system that securely stores information across multiple computers or nodes.
Example: “Blockchain technology is used to ensure the transparency and immutability of transactions in a decentralized network.”
Bitcoin
(noun): A decentralized digital currency that operates on a peer-to-peer network, allowing secure and direct transactions without the need for intermediaries.
Example: “John used Bitcoin to purchase a laptop from an online retailer.”
Browser
(noun): A software application used to access and navigate the internet, enabling users to view webpages and interact with online content.
Example: “Samantha opened her web browser to search for information on the latest movie releases.”
Binance
(noun): A cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies.
Example: “Emily traded her Ethereum for Litecoin on the Binance exchange.”
Burn
(verb): In the context of cryptocurrencies, it refers to the permanent and deliberate destruction of a certain amount of tokens or coins.
Example: “The project decided to burn a portion of its tokens to reduce the circulating supply and increase their value.”
Block
(noun): A group of transactions that are bundled together and added to a blockchain in a sequential manner.
Example: “Every 10 minutes, a new block is added to the Bitcoin blockchain, containing the latest transactions.”
BaaS (Blockchain-as-a-Service)
(noun): A cloud-based service that enables individuals or organizations to develop, host, and deploy blockchain applications without the need to set up and manage their own blockchain infrastructure.
Example: “The company used BaaS to quickly build and deploy a supply chain management system on the blockchain.”
Block reward
(noun): The incentive given to miners or validators for successfully adding a new block to the blockchain. It usually consists of newly created cryptocurrency tokens.
Example: “Miners on the Ethereum network currently receive a block reward of 2 ETH for each block they successfully mine.”
Block height
(noun): A numerical value that represents the position of a block within a blockchain. It indicates the number of blocks that have been added to the chain since its inception.
Example: “The block height of the latest block on the Bitcoin blockchain is 712,450.”
Block explorer
(noun): A web tool or application that allows users to browse, search, and view the contents of a blockchain. It provides detailed information about blocks, transactions, addresses, and other data.
Example: “Jane used a block explorer to track the progress of her Bitcoin transaction and verify its confirmation.”
Bridge
(noun): A mechanism or protocol that facilitates the transfer of assets or data between two different blockchain networks.
Example: “The bridge between Ethereum and Binance Smart Chain allowed users to transfer their tokens seamlessly.”
Bots
(noun): Short for “robots,” it refers to automated software programs that perform tasks autonomously, often on the internet.
Example: “Chatbots are commonly used by businesses to provide instant customer support on their websites.”
BSC (Binance Smart Chain)
(noun): A blockchain platform developed by Binance that enables the creation of decentralized applications (dApps) and the execution of smart contracts.
Example: “Many developers are building DeFi applications on the Binance Smart Chain due to its lower transaction fees compared to Ethereum.”
