Blockchain Block

A container data structure comprising of the transactions made on that particular Blockchain. Different Blockchains have different block sizes (e.g. Bitcoins block size is 1MB).

This is the building block of Distributed Ledger Technology. Blocks have packets of data and new blocks are only created using the hash of older blocks in the chain. This allows the data in the blocks to be transparent, public and immutable. The technology can be used in Auditing, Finance, and tracking payments to content creators/payees.