Blockchain

“Blockchain” technology, a revolutionary innovation, offers you, an ESL learner, a unique opportunity to explore a cutting-edge topic. By studying blockchain, you can expand your vocabulary related to technology, finance, and cybersecurity. Moreover, understanding blockchain concepts can foster critical thinking skills and prepare yourself for the future of digital economics. This emerging field presents a valuable opportunity for language learners to stay at the forefront of technological advancements, and today’s vocabulary will help you do just that. So, let’s jump right in!

In today’s lesson, you’re going to have:

• 5 advanced English vocabulary words about Blockchain.

• 15 examples of phrases that you can use on a daily basis.

• Eye-catching images will help you learn and retain the vocabulary.

1. Consensus

📚 DEFINITION

General agreement among members of a group or team. In blockchain, it refers to the method by which the network agrees on the validity of transactions.

📄 Example Sentences:

1. The blockchain network achieves consensus through a proof-of-work mechanism.

2. Without consensus among nodes, the blockchain could become fragmented and unreliable.

3. The new protocol is designed to enhance consensus efficiency and reduce transaction times.

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2. Cryptographic

📚 DEFINITION

Relating to the practice of secure communication techniques or encryption.

📄 Example Sentences:

1. The blockchain uses cryptographic algorithms to secure data and ensure integrity.

2. Cryptographic keys are essential for verifying transactions on the blockchain.

3. The cryptographic process prevents unauthorized access to sensitive information.

3. Decentralized

📚 DEFINITION

Distributing functions or powers away from a central authority, which in blockchain means that no single entity has control over the entire network.

📄 Example Sentences:

1. The decentralized nature of blockchain makes it more resistant to censorship and tampering.

2. Unlike traditional banking systems, a decentralized exchange does not rely on a central authority.

3. Decentralized applications (Apps) operate on a blockchain rather than a single server.

4. Immutable

📚 DEFINITION

Unchangeable or unalterable. In blockchain, it refers to the permanent and unalterable nature of recorded transactions.

📄 Example Sentences:

1. Once recorded on the blockchain, transactions are immutable and cannot be altered.

2. The immutable ledger ensures the integrity of historical data.

3. Immutability is a key feature that enhances the security of blockchain technology.

5. Ledger

📚 DEFINITION

A record-keeping system where transactions are logged. In blockchain, it refers to the digital record of all transactions within the network.

📄 Example Sentences:

1. The blockchain ledger is a comprehensive record of all transactions ever made.

2. Ledger entries are distributed across all nodes in the network for transparency.

3. Updating the ledger is crucial for maintaining the accuracy of blockchain data.

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✔️ Audio file version for each vocabulary
✔️ 25+ English PDFs each month

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