Block
- A block is a batch of transactions bundled together and added to a blockchain as one unit, acting like the pages of the ledger added in sequence to form the chain.
- Each block contains validated transactions, a timestamp, and a cryptographic reference to the previous block, which chains them in order, with the consensus mechanism deciding who adds the next block.
- Grouping transactions into linked blocks is what gives a blockchain its tamper-resistant order, while a block's size and how often blocks are produced shape a network's capacity and fees.
A block is a batch of transactions bundled together and added to a blockchain as one unit. Blocks are the “pages” of the ledger, added in sequence and linked to form the chain.
How it works
Each block contains a set of validated transactions, a timestamp, and a cryptographic reference to the previous block, which is what chains them in order. The network’s consensus mechanism decides who gets to add the next block; on a proof-of-work chain that is the winning miner, who also receives the block reward. Once added and confirmed by later blocks, a block’s contents become very hard to change.
Why it matters
Grouping transactions into linked blocks is what gives a blockchain its tamper-resistant order. A block’s size and how often blocks are produced also shape a network’s capacity and fees.
Example
The very first block of a blockchain is called the genesis block, the foundation every later block builds on.
How are blocks linked together in a blockchain?
Who decides what goes into a block?
What is the genesis block?
Other glossary terms connected to this one.
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