Sentence examples for block of transactions is from inspiring English sources

Each block of transactions is then recorded on a central ledger called the blockchain – the inspiration for the name of Smith's firm.

In a "blockchain" or distributed ledger network, individual transactions are grouped into "blocks". As a block of transactions is verified, the block is distributed to all the participants on the network (often referred to as "nodes"), and is logically and irrevocably linked to the block before it (creating the "chain").

The complexity of the tasks is adjusted to ensure each block of transactions is processed on a regular basis - approximately once every 10 minutes on average.

Any other type of transaction is prohibited.

Once consensus is met, the database is updated with a "block" of transactions that is seen by everyone in the system.

This ledger of past transactions is called the block chain as it is a chain of blocks.

Bank transactions are listed chronologically, just as Bitcoin transactions are; the record of bank transactions is broken into bank statements, just as the block chain is broken into blocks.

For instance, successful miners have to wait for a further 99 blocks of transactions to be processed before they get their rewards—so there is a constantly refreshed pool of participants with an interest in ensuring that everyone else keeps to the rules.The system of rewarding successful miners with bitcoin has proved an effective way to get the currency into circulation.

Further, the data being transmitted by the satellite network has expanded to include all bitcoin transactions instead of just the information about the final blocks of transactions that was previously available.

Most of the transactions were blocked but four went through, amounting to $81 million that vanished from the account.

The next block becomes the "current block," the completed block becomes a permanent record of the past, transactions are recorded in the new "current block" and miners adjust their goal to work on completing this new "current block".