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.
Share with a friend
If you thought this information was helpful why not share it on your favourite social media network and encourage others to learn more about Bitcoin
The latest news from our blog
What Is Replay Protection?
When a blockchain network like Bitcoin splits into two chains through a hard fork, the two incompatible networks face a critical engineering question that determines
What Is The BLAKE2b Hard Fork?
If you’ve seen the term “Blake2B” floating around Bitcoin forums and X threads, and you’re wondering what on earth these guys are going on about,
What Happens When Bitcoin Nodes Diverge?
Bitcoin’s consensus mechanism works because, most of the time, everyone agrees on the rules. Nodes collect transactions in the mempool, miners compile blocks, submit them,