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Board Beginners & Help
Re: What is cryptocurrency block?
by
GSpgh
on 05/12/2019, 15:06:24 UTC
I am not clear about the cryptocurrency network system. I dont understand about cryptocurrency block. what is it. I want to know the actual cryptocurrency blocks works.

A block contains transactions. Multiple blocks referencing each other form a blockchain, a distributed database that contains all transactions ever conducted on a certain cryptocurrency network, for example bitcoin. Transactions and blocks are confirmed using cryptography and a hard-to-solve task (proof-of-work which discourages fake blocks altho there are other anti-counterfeiting systems) and those signatures can be verified by anyone which makes the blockchain work without a central authority.

This should give you enough to get started searching for other information that may interest you.