Block (Blockchain)
A block is a bundled set of blockchain transactions and metadata that is added to the chain after the network accepts it as valid.
A block is a container of data in a blockchain. It usually holds a list of recent transactions, a timestamp, a reference to the previous block, and other metadata needed by the network. Because each block points back to the one before it, the blocks form an ordered chain. This structure helps make the transaction history difficult to alter: changing an old block would also affect the links that come after it.
Blocks matter because they are how a blockchain records and organizes activity. Depending on the network, validators or miners propose new blocks, and the rest of the network checks that the included transactions follow the rules, such as not spending the same coins twice. For example, instead of every Bitcoin payment being written to the ledger one by one in isolation, many payments are grouped into a block, confirmed together, and then added to the shared record.
Other terms in Blockchain Fundamentals
Atomic Swap
A peer-to-peer crypto trade that lets two parties exchange different coins directly without relying on a centralized exchange or custodian.
Blockchain
A blockchain is a shared digital ledger that records transactions in linked batches and is maintained by a network of computers.
Blockchain Fork
A blockchain fork is a split or change in a blockchain’s rules that can create two different versions of the network’s transaction history.
Consensus Mechanism
A method a blockchain network uses to agree on valid transactions and the current state of the ledger without a central authority.