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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.

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Related Terms

Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Protocol
The set of rules in a network in which participating members comply to allow proper communication.
Solidity
Object oriented programming languaged used in various smart contract blockchains.
Peer to Peer
A communication protocol that does not require a central hub
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