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blockchain

Block

A bundle of transactions that gets permanently added to the blockchain.

Definition

A bundle of transactions that gets permanently added to the blockchain. Each block contains a reference to the previous block, creating the chain. Bitcoin blocks are mined roughly every 10 minutes, while Ethereum blocks come every 12 seconds.

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Related Terms

Blockchain

A distributed database where transactions are grouped into blocks and linked together cryptographically.

Transaction

A transfer of value or data recorded on a blockchain.

Mining

Using computational power to validate transactions and create new blocks on proof-of-work blockchains.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

Account Model

The way Ethereum and many other chains track balances.

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