Blocks in blockchain ⛓

Blocks in blockchain ⛓

Every school kid knows that blockchain means "chain of blocks".

Transaction data is stored in blocks. They are arranged in a linear sequence that forms an endless chain of blocks — hence the term blockchain.

Inside these blocks, all information about transactions of this blockchain is gathered and recorded, and each newly generated block is connected to the previous one cryptographically — the generation of a new block always includes the hash of the previous one.

The chain of linked blocks stores all data about transactions that have been since the launch of this blockchain. Using them, you can return to the very first block, which is called Genesis block. The number of confirmed blocks since the block was created is denoted as the Block height.

Blocks are usually discussed in the context of in the context of transactions, although they may also be related to other types of digital data stored in the blockchain.

In the Everscale blockchain, as in other Proof-of-Stake blockchains, after confirmation by network nodes (validators), the transaction is added to the block, and validators receive a reward by successfully adding blocks to the blockchain.

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