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CEFR B2 — Upper-Intermediate

Blockchain

Definition

A system in which a record of transactions made in bitcoin or another cryptocurrency is maintained across several computers that are linked together using a decentralized network.

Example Sentences

1The company uses blockchain technology to secure its financial transactions.
2Blockchain is a key component of the cryptocurrency system.
3The new startup is working on developing a blockchain-based platform for supply chain management.
4The use of blockchain in voting systems is being explored as a way to increase transparency and security.
5The decentralized nature of blockchain makes it resistant to censorship and tampering.

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