CryptoURANUS Economics: Block: Defined in CryptoCurrency

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Friday, August 3, 2018

Block: Defined in CryptoCurrency

Block: Defined in CryptoCurrency


A block is defined as a single digital recording made using blockchain technology.


Blockchain tech creates permanent, secure digital recordings. It can record any information, but it started with recording bitcoin transactions.

 
If you imagine the blockchain as a book of records, then each page in that book is what is known as a “block”. Blocks are attached to each other making what is known as the blockchain.

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