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
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Interested to stay up-to-date with cryptocurrencies?
Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Or check it out in the app stores
