What is TX blockchain?

BTCC, a prominent cryptocurrency exchange, offers a wide range of services that cater to the diverse needs of the crypto community. Its portfolio includes spot trading, which allows users to buy and sell cryptocurrencies at the current market price, as well as futures trading, where investors can speculate on the future price movements of digital assets.

Transactions on a blockchain network represent the fundamental units of cryptocurrency exchange and transfer. They are the building blocks that facilitate the seamless flow of digital assets within the decentralized ecosystem.

To ensure efficiency and orderliness, transactions are grouped together to form a block. This process ensures that the network can process multiple transactions simultaneously, thereby reducing the overall time and resources required for verification.

Each block within the blockchain network has a predefined capacity, limiting the number of transactions it can hold. Once a block reaches its maximum capacity, it is queued up for addition to the existing blockchain.

The addition of new blocks to the blockchain is a crucial aspect of maintaining the network's integrity and security. It ensures that all transactions are recorded chronologically and are tamper-proof, as each block is cryptographically linked to the previous one.