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
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Microtransaction
Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.
Bounty
Public tasks available for anyone for a reward
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