Block size limit : The maximum amount of data that can be included in a block, measured in bytes.This is how miners make their profits, doing the work necessary in ensuring proper security measures are put in place so that these tokens cannot easily be hacked or stolen from them. Still, rather they must have gone through mining first before being awarded as such since it requires computational resources and electricity costs to mine them effectively. Coins/Tokens are not created out of thin air. Block reward: A type of monetary incentive provided by cryptocurrencies whenever an individual mines a block successfully.Block height: When discussing blockchain networks such as BitcoinBTC), this term refers to how many blocks make up their total height/length starting from block #0, also called its genesis block, which was mined during the first round of updates to this network.Blockchain: A type of decentralised public ledger which contains records/transactions and forms the basis for how many cryptocurrencies work, using cryptography to link together blocks in a chain so that each block is linked with the previous one chronologically, preventing any tampering or revisionist history from occurring since it would be recognised immediately by other users on the network.Bitcoin maximalist : A person who defends bitcoin against all other crypto assets.Bitcoin: The first decentralised cryptocurrency released in 2009.
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