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"BLOCK"
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Glossary (20)
Common
Block
A limited-capacity
block
whose capacity is larger than the blank
block
’s but smaller than the full
block
’s.
Candidate
Block
It is a temporary
block
created by a mining node using transactions selected from the memory pool in order to receive the
block
rewards.
Genesis
Block
The 1st
block
created in the
Block
chain.
Full
Block
A limited-capacity
block
that is filled with information.
Block
Height
The number of
block
s within the
block
chain from its genesis
block
.
Empty
Block
A limited-capacity
block
that only contains one piece of information but also has the ability to transfer tiny data, which can only help the
block
discovered.
Mining a
Block
When miners help create a new
block
, they will get 6.25 Bitcoins as a reward. This process of updating the public ledger is called mining a
block
.
Block
Refers to a computer file that records transaction information. A
block
chain is created when
block
s are connected as a continuous chain.
Orphan
Block
They are the
block
s that are not recogized by the
Block
chain.
Block
Reward
Refers to the rewards that miners receive for finding new
block
s by using mining devices. Different cryptocurrencies have different rewards based on respective
block
s in the
block
chain.
Block
Trading
It refers to the large volume trading.
Difficulty Target
The level of difficulty at which a new
block
is created every 10 minutes.
Block
chain
It is comprised of
block
s and become a chain. The
block
refers to a digital piece of information of a database.
Miner
It refers to an individual who wants to get the
block
reward by using computers to calculate the encryption functions.
Long Range Attack
It is an attack where an adversary creates the other branch on the
block
chain, starting from the Genesis
block
and replaces the legal mainchain.
Dash
Formerly named DarkCoin, is the first privacy-centric cryptographic currency with anonymous
block
transactions powered by DarkSend.
Accidental Fork
It refers to a situation where two or more miners successfully calculate the harsh at the same time, which means finding the
block
.
Mining
It is a process using high-performance computing devices to tackle complicated computational math problems, and as a result, tokens are rewarded to the miner completed the
block
.
Halving
It refers to the mechanism that the bitcoin
block
reward will be reduced by half every 210,000
block
s, so as to the control the supply and maintain the value of the currency.
Nounce
This is a string of automatically generated numbers during the process of mining. Using this string of numbers, miners are likely to figure out Hash Function to get the
block
reward.
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