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Block

A block in cryptocurrencies refers to the collection of transaction data, and it is the basis of the blockchain protocol. Each transaction creates a set of data, and this data…

Block Explorer

Block explorer is an online tool to view all transactions, past and current, on the blockchain. They provide useful information such as network hashrate and transaction growth. Many people, even…

Block Height

This indicates a block’s location in the blockchain, with blocks “higher” up being more recent. Block height is also calculated as the length of the blockchain minus 1, and this…

Block Reward

The cryptocurrency rewarded to a miner for solving a block. The winning miner claims a block reward by adding it as a first transaction on the block. Miners use devices…

Block Structure

A block is a container data structure that aggregates transactions for inclusion in the public ledger, the blockchain. The block is made of a header, containing metadata, followed by a…

Blockchain

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order,…

Blockchain Reward

Blockchain transactions are verified in a process known as mining, and each time a block is mined the miner receives a reward to compensate them for the resources used in…

Blockchain.info

A web service running a Bitcoin node and displaying statistics and raw data of all the transactions and blocks. It also provides a web wallet functionality with lightweight clients for…

Blockspace

Bitcoin blocks are limited in size, and the amount of available space is called blockspace. There are fees to use this space and the process through which miners select transactions…

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