Elon Musk talks Crypto：Blockchain

Block Reward

The coins awarded to a miner or group of miners for solving the cryptographic problem required to create a new block on a given blockchain.

Block Size

In blockchain technology, block size refers to the amount of data about transactions a single block in the chain can carry.

Block Time

Block time refers to the approximate time it takes for a blockchain-based system to produce a new block.

Blockchain

A distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.

Block Trade

A block trade is a large-scale purchase or sale of securities that occur outside of an open market. It uses blockhouse as a financial intermediary to aid investors with risk management.

Blockchain 2.0

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 1.0

Blockchain 1.0 is the first generation of blockchain technology, which focuses on cryptocurrency and decentralization.

Blockchain 3.0

Blockchain 3.0 is the final developmental stage of blockchain technology, which predicts global, institutional and enterprise adoption.

Blockchain Explorer

A blockchain explorer is simply a search engine allowing users to browse through blockchain records.

Blockchain Mutual Credit

Blockchain mutual credit is a framework within which stable cryptocurrencies can be derived from multilateral exchange networks.

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.

Blockchain Tribalism

Blockchain tribalism refers to people in the blockchain or crypto community becoming ideologically aligned with a specific blockchain or crypto.

Blockchain Trilemma

The blockchain trilemma is the set of three issues that plague blockchains: decentralization, security and scalability.

Blockchain-As-a-Service (BaaS)

BaaS offers the capabilities of blockchain technology to businesses but without the necessity of establishing and maintaining a dedicated blockchain framework.

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.