Phrases with «to generate a block»

"To generate a block" refers to the process of creating a new section of the blockchain, which is a digital ledger used in cryptocurrencies like Bitcoin. This involves solving complex mathematical calculations to validate and record new transactions. When someone successfully generates a block, they are rewarded with newly minted cryptocurrency. Full definition

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Sentences with «to generate a block»

  • To create bitcoins, users must generate blocks on the network. (finance.yahoo.com)
  • As the name suggests, Minecraft is a game requiring mining and crafting in a simple three - dimensional world, with randomly generated blocks of many different types available that you can manipulate to your liking. (thevitalounge.net)
  • There is room for strategy and planning, since bigger combos result in bigger attacks, but the game is also extremely reliant on randomly generated blocks, turning it into a game of chance of sorts. (waytoomany.games)
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