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Blockchain is a record-keeping system in which transactions are conducted with a cryptocurrency, such as Bitcoin. These transactions are catalogued on a decentralized set of computers linked on a peer-to-peer network.
Proof of work (PoW) is issued by cryptocurrencies to validate the transactions that occur in their networks in which one party proves to others that meaningful computational work or effort has been completed. Verifiers (miners) can subsequently confirm this process with minimal effort. These networks are usually built on technology.
An "ASIC" or application-specific integrated circuit is an integrated circuit chip created and designed particular use, rather than for general use. ASICs miner's use to mine Bitcoin are designed to one produce Bitcoin as efficient as possible.
Blocks are files that record sets of transactions. Blocks are then entered into the blockchain, and are logged into the network and are permanent.
Hash rate is the the amount of computer processing power dedicated to a specific network, most notably, Bitcoin. Bitcoin mining is a vital process that keeps the digital currency’s network maintained and secured. Specifically, ASIC miners are usually rated on a TH/s basis. The "overall" Bitcoin hash rate is expressed as exashashes per second (EH/s).