what is transaction block?-Definition of all finance terms

Definition of transaction block

In a network, a transaction block records all or some of the transactions and the data and regulates them. This process makes every transaction in a blockchain of cryptocurrency more secure and reliable.

Brief Explanation

This block is completely like a record book or ledger where all the completed block has been checked and automatically gives a direction to the next transaction in a blockchain. An individual cannot change or alter any information in a record because it has permanent data storage. The database stores all past and future information. It’s updated their records every minute because the miner continually processes and records the transaction to solve the mining problem or win it. Everyone in a block receives the winning answer instantly.

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