The recording of an event, such as the transfer of assets (digital currency,

units of inventory, and so on) between parties or the creation of new assets,

is a transaction.

Transaction fee

To process a blockchain transaction, it is an amount of cryptocurrency

charged and given to publishing nodes to include the transaction within a

block.

Turing complete

Regardless of the complexity of any algorithm to find a solution, it is a

system (a computer system, programming language, and so on) used that is

said to be turning complete.

Wallet

To store and manage asymmetric-keys and addresses used for transactions,

the wallet is the software.

Blockchain

Distributed ledgers that store and transmit data in packages called “blocks”

that are connected to each other in a digital chain is the data structure called

the blockchain.

Distributed ledger technology

To record and share data across multiple data stores, DLT is the approach

allowing for transactions and data to be recorded, shared, and synchronized

across a distributed network of different network participants.

Public/private/hybrid/consortium blockchains

Public blockchains are permissionless, whereas private blockchains are

permissioned. The members decide who can participate in the blockchain or

which of the transactions are made public in the hybrid blockchain, which is

not open to everyone. A controlled user group that works across different

organizations is the consortium blockchain which is semi-private.

Integrity—ownership, transaction, and order