Block Time
Block time is the average time it takes for a blockchain to create a new block of transactions.
More terms under B
- Block ProducerA block producer is a person or group that uses their computer to check transactions and create new blocks on many Proof-of-Stake blockchains.
- Block RewardBlock reward is the amount of cryptocurrency given to a miner or group of miners for successfully adding a new block to the blockchain by solving a complex…
- Block SizeBlock size is the maximum amount of transaction data that one block in a blockchain can hold.
- Block TradeA block trade is a big buy or sell of securities that happens away from the regular market. It often involves a financial middleman to help manage risks for…
- BlockchainA blockchain is a shared digital record-keeping system where information is stored in linked blocks. It is used to securely track transactions and is the…
- Blockchain 1.0Blockchain 1.0 refers to the first version of blockchain technology that primarily supports cryptocurrencies like Bitcoin and emphasizes decentralization,…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.