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Username: PrettyWoman

Rating:
Guru Stars

Asked to: Heng Kim

Date Created: 29 May 2017
Category 46
Tag Financial
Question What is a 'Block (Bitcoin Block)'?
Advice from Guru
Hello PrettyWoman,

Blocks are files where data pertaining to the Bitcoin network is permanently recorded. A block records some or all of the most recent Bitcoin transactions that have not yet entered any prior blocks. Thus a block is like a page of a ledger or record book. Each time a block is ‘completed’, it gives way to the next block in the blockchain. A block is thus a permanent store of records which, once written, cannot be altered or removed.

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