What is Blocks

Blocks are file containing data which is linked together in a chain to form a blockchain. Used to record information, the block is like a ledger page. In the Bitcoin blockchain, each block contains a cryptographic hash code, a hash from the previous block, a timestamp, a signature, and additional data. New blocks are connected to previous blocks in chronological order. Whether each new block is validated or not is determined by an algorithm, usually proof of work or proof or Stake. These approaches are based on a peer-to-peer networks to verify block content before publishing.

Krypto Term