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11/19/2024 2:36:41 PM (GMT+1)

What is a block in a cryptocurrency blockchain?

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A block in a cryptocurrency blockchain is the basic unit of data storage that contains user transactions. Each block consists of a set of operations that are confirmed and secured using cryptography. This data is arranged into a chain, starting from the first block and continuing to the most recent one. Each new block is linked to the previous one using a unique hash code, thereby creating an uninterrupted chain that cannot be altered. Such a blockchain structure ensures transparency and security, eliminating the possibility of tampering with transaction history.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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