uplinks:: Web3
tags:: #lang/en #type/term

Blockchain

A technology that uses a decentralized consensus mechanism to maintain an immutable public ledger.
It is Bitcoin underlying technology
People realized that Bitcoin's underlying technology can be used to solve other trust issues in traditional systems that rely on third parties. They name this technology "blockchain".
Namecoin is an early and successful application of blockchain. It is not just a cryptocurrency, but a decentralised domain name management system.