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
Validator
A block-signing participant of a Proof of Stake blockchain network, whom have significant tokens staked on the network.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Peer to Peer
A communication protocol that does not require a central hub
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