What is a Blockchain? 50 Definitions of Blockchain

There are many misconceptions about blockchain. In order to clear up some of the confusion, I have compiled a definition for what is meant by the word “Blockchain.” You will see some definitions are similar or redundant but with a few different words, and this will actually help you to grasp the overall concept.

1. Blockchain is a digital ledger.
2. Blockchain is a distributed ledger.
3. Blockchain is a cryptographic ledger.
4. Blockchain is a special kind of database.
5. Blockchain is the public transaction ledger.
6. Blockchain is a secure digital spreadsheet.
7. Blockchain facilitates secure online transactions.
8. Blockchain is known as a disrupter to the traditional currency.
9. Blockchain is a General Purpose Technology (GPT), just like the internet.
10. Blockchain is a form of database, more specifically a distributed database.
11. Blockchain makes it possible for triple entry accounting.
12. Blockchain can, in theory, be used to immutably record any number of data points.
13. Blockchain is a chain of blocks. Each block is like a page of a ledger or a record book.