5 A B C D E F G H I K L M N O P R S T U V W Y Z

Block

A block is an essential part of how cryptocurrencies work. Most cryptocurrencies are based on a so-called blockchain. This “blockchain”, in turn, is a public database distributed across many computers and composed of blocks. Such a block is a data record. Through transactions and the creation of new coins (see Bitcoin Mining), blockchains are continuously and chronologically extended with new blocks. A block that is added to the blockchain can no longer be removed.

Infographic on how the blockchain works