What is the definition of 8k in the context of cryptocurrency?
Biplob MudiMay 05, 2022 · 3 years ago3 answers
Can you explain what 8k means in the context of cryptocurrency? I've come across this term and I'm not sure what it refers to.
3 answers
- May 05, 2022 · 3 years agoIn the context of cryptocurrency, 8k refers to the number of blocks that have been added to the blockchain. Each block contains a certain number of transactions, and when 8,000 blocks have been added, it is referred to as 8k. This milestone is often used to measure the progress and growth of a cryptocurrency network.
- May 05, 2022 · 3 years ago8k in cryptocurrency is like reaching a checkpoint in a video game. It signifies that a significant number of transactions have been processed and added to the blockchain. It's an important milestone that shows the network's stability and scalability.
- May 05, 2022 · 3 years ago8k is a term commonly used in the cryptocurrency community to describe the addition of 8,000 blocks to the blockchain. When a cryptocurrency network reaches this milestone, it indicates that a substantial amount of work has been done to validate and secure transactions. It's a positive sign of the network's growth and progress.
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