GLOSSARY OF TERMS
There are 4 names in this directory beginning with the letter B.
Bitcoin can refer to the protocol, network or the unit of currency. A Bitcoin with a capital “B” refers to the protocol & the network. A bitcoin with a lowercase “b” is a digital currency.
Blocks are packages of data that carry permanently recorded data on the blockchain network. Cryptography is used to protect the blocks.
A blockchain is a distributed digital ledger. Transparency is achieved on the blockchain because everyone on the network sees the same transactions and has a copy of the same ledger. A block is created once a certain number of transactions are added to the network. All of the blocks that were created are connected to each other (back to the first transaction); thereby creating a chain of blocks.
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