Blockchain Information

Block Details

Block Height: 890554

Time: 1743600284

Block Hash: 000000000000000000011a40b0f2eafb437d206ece0e5b99b08253abfd7a5588

What is Blockchain?

Blockchain is a decentralized and distributed digital ledger that records transactions across multiple computers in a way that is secure, transparent, and tamper-resistant. Each block in the blockchain contains a list of transactions, and each block is linked to the previous one, forming a chain of blocks.

What is Blockchain Time & Height?

Blockchain time and height are essential concepts in understanding how blockchains work.

• Block Height: Refers to the position of a block within the blockchain.
• Sequential Ordering: Ensures transactions are processed in the correct sequence.
• Security: Validates the longest chain and helps reach consensus.
• Difficulty Adjustment: Maintains consistent block creation time.

What is The Timestamp?

"Time" refers to the timestamp associated with a specific block. This timestamp represents the exact moment when the block was created or mined. It helps maintain the chronological order of blocks, prevents double-spending, and ensures transaction validity.

Benefits of Blockchain

• Transparency: Transactions are visible to all participants in the network.
• Security: Ensures transactions are tamper-proof with cryptographic techniques.
• Decentralization: Operates without a central authority, avoiding single points of failure.
• Efficiency: Reduces time and cost by eliminating intermediaries.

Possible Uses of Blockchain

• Financial Services: Secure and efficient transactions, such as payments and remittances.
• Supply Chain Management: Transparent and traceable supply chains.
• Identity Management: Secure and decentralized way to manage digital identities.
• Voting Systems: Secure and transparent elections with reduced fraud risk.