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What is a block (bitcoin)?

What Is a Block (Bitcoin Block)? Blocks are files where data pertaining to the Bitcoin network are permanently recorded. A block records some or all of the most recent Bitcoin transactions that ...

What is the Bitcoin block reward?

(The block subsidy started at 50 bitcoins and is being halved every 210,000 blocks—approximately once every four years. As of November 2017, it’s 12.5 bitcoins.) Together, the transaction fees and block subsidy are called the block reward.

What are the blocks in a blockchain?

The blocks that make up the blockchain’s ongoing sequence of transactions are intended to be structurally identical. Each block contains a block header as well as transaction data — two crucial sets of information integral to the network’s proper function and ability to transfer value.

What is bitcoin block height?

The Bitcoin block height measures how many blocks have preceded it on the Bitcoin protocol. For example, the next Bitcoin block halving (of mining rewards) will occur at a block height of 840,000 in 2024.

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