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In The Media

Blocks Are a Ledger and a Ledger is a Set of All Credits and Debits Since Jan 2009 Began The Recording Via Blocks

by Larry Chiang on October 19, 2019

By Larry Chiang
A lot of people don’t know what a Ledger is
A lot of people in college do not know what a check transaction recorder is. 
So, when you say “block”, you’ve zero chance to convey they meanings of these four following tweets. I will attempt to translate. 

Fernando Ulrich (@fernandoulrich)
#Bitcoin

600,000 blocks of transactions

465,000,000 total transactions

18,000,000 total bitcoins mined

99,98% uptime

Running 24/7/365 for over 10 years

In pure anarchy.

Once the Ledger has set the transactions, the Ledger can’t be changed. Every Ledger has every transaction. 

Block numbers. We are on “set of ledger set number 600,000”. 
Jimmy Song (송재준) (@jimmysong)
Some day, we’ll be referring to the past by block numbers.

“I bought back around 500,000”

“My son was born around 550,000”

“I quit my job around 700,000”

“I met my wife around 645,000”

and so on…


The 600,000th block on 10-18-19 has all the info the 100,000th block had on 12-29-2010

Pieter Wuille (@pwuille)
Happy 600000th block, #bitcoin!

Pieter Wuille (@pwuille)
happy 100000th block, #bitcoin !


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A ledger of transactions and selling to increase transactions


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