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Glossary: Blockchain
A blockchain is a chain of blocks containing transaction data, linked together using cryptographic hashes to create an unchangeable record.
Glossary: Difficulty
Mining difficulty measures how hard it is to find a valid block hash, adjusting to keep block times consistent across the network.
Glossary: Block Reward
The block reward is the amount of new cryptocurrency a miner receives for successfully mining a block on the blockchain.
Glossary: Block Header
A compact summary at the top of each block containing metadata that miners hash to find valid proof-of-work solutions.
Glossary: Coinbase Transaction
The first transaction in every block that creates new coins and pays them to the miner who solved the block.
Glossary: Target
The mining target is a numerical threshold that a block’s hash must be below to be valid—it determines how difficult mining is at any given time.
Glossary: Orphan Block
An orphan block is a valid block that gets rejected because another block at the same height was accepted first by the network.
Glossary: Fork
A blockchain fork occurs when a cryptocurrency’s protocol splits into two separate chains, either temporarily or permanently.