A . B . C . D . E . F . G . H . I . J . K . L . M . N . O . P . Q . R . S . T . U . V. W . X . Y . Z

Block

A block is the data archive of all transaction history made on a blockchain’s network within a given timeframe. Blocks are sequentially applied to a network’s data chain, forming the public database known as blockchain. A Bitcoin block, for example, includes information about the date, duration, and number of transfers, as well as signature information about the transfer’s origin and destination. Before a chain will begin transacting and generating new chains, blocks must be validated by the network by a consensus mechanism.

© Cryptopress. All rights reserved.