Block
By CoinGecko | Updated on Mar 03, 2020
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size. Information within a block gets added to the blockchain and becomes part of a blockchain permanently once the data is verified through pre-determined rules/protocols.
Related Terms
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Difficulty
A relative measure on how difficult it is to correctly guess a new block
Mnemonics
Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.
Zero Confirmation Transaction
Another name for "unconfirmed transaction"
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