Username: PrettyWoman Rating: Asked to: Heng Kim Date Created: 29 May 2017 |
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Category | 46 |
Tag | Financial |
Question | What is a 'Block (Bitcoin Block)'? |
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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