Blockchain technology has changed the way we think about financial transactions. At the heart of this technology lies the concept of blocks, which are, as the name suggests, the building blocks of a blockchain.

Blocks are an essential component of blockchain architecture, and understanding their role is crucial to understanding how this technology works. In this article, we will explore what blocks are in a blockchain and how they work to create a secure and decentralized system.

Understanding the structure of a block in a blockchain

A block in a blockchain is a fundamental component that carries crucial data about transactions. When a transaction occurs, be it the transfer of a cryptocurrency like bitcoin or a data exchange in a supply chain, the details are packaged into a …