Block

A block is where the most up to date record of transactions across the Bitcoin network is kept. Every 10 minutes, a new block is created and added to the existing previous blocks, which creates the blockchain.

This process of adding new blocks is known as mining where specialised equipment called ASICS embed the transactions permanently on to the blockchain.

Before and after the mining process, nodes verify all previous blocks to ensure that no double spend has happened.

Latest Articles

why bitcoin mining operations fail

Why Bitcoin Miners Fail

The bitcoin mining business is not a get-rich-quick scheme that involves plugging in a magic money printer machine; it’s a worldwide competition to provide security

Read More »