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
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Order Book
An electronic list of all buy and sell orders in an exchange
Full Pay-Per-Share (FPPS)
FPPS is quite similar to PPS; the only difference is that the pool will additionally pay a transaction fee incentive if the block is identified. FPPS is the same as PPS+.
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