Wed. Sep 28th, 2022

The different numbers on a blockchain represent the different levels of confirmations that a transaction has received. The higher the number, the more confirmations the transaction has received, and the more secure it is.

Other related questions:

Q: What are the 4 types of blockchain?

A: Public blockchains: These are decentralized and allow anyone to join. Bitcoin and Ethereum are examples of public blockchains.

Private blockchains: These are centralized and permissioned, meaning that only approved participants can access them.

Consortium blockchains: These are semi-decentralized, with a group of approved participants.

Hybrid blockchains: These are a mix of public and private blockchains.

Q: What are the top 5 Blockchains?

A: Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin.

Q: What is block number in blockchain?

A: The block number is the number of blocks in the blockchain.

Bibliography

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