Block
By CoinGecko | Updated on Mar 03, 2020
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size. Information within a block gets added to the blockchain and becomes part of a blockchain permanently once the data is verified through pre-determined rules/protocols.
Related Terms
Kimchi Premium
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin.
BitLicense
Refers to the business license issued by the New York State Department of Financial Services (NYSDFS) to companies dealing with Cryptocurrencies (subject to certain exceptions) in New York.
Satoshi
A unit measure for the smallest divisible unit of a bitcoin. 1 bitcoin is equal to 100 Million Satoshi.
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
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