A distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.
Blockchain 1.0 is the first generation of blockchain technology, which focuses on cryptocurrency and decentralization.
Blockchain 2.0 is an extension to blockchain 1.0 as it introduced the concept of decentralization of business and markets through smart contracts and improved security and transparency.
Blockchain 3.0 is the final developmental stage of blockchain technology, which predicts global, institutional and enterprise adoption.
A blockchain explorer is simply a search engine allowing users to browse through blockchain records.
Blockchain Transmission Protocol (BTP)
Blockchain Transmission Protocol (BTP) enables isolated blockchains to operate as a fully decentralized settlement layer by securely anchoring transactions using a protocol that is universal.
The blockchain trilemma is the set of three issues that plague blockchains: decentralization, security and scalability.
Blockchain-Enabled Smart Locks
Blockchain-enabled smart locks solve many security issues and can be locked or unlocked based on the state of a variable that is embedded in a smart contract.