What is the definition of 8k in the context of cryptocurrency?

Scarborough LewisDec 27, 2021 · 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.

What is the definition of 8k in the context of cryptocurrency?

3 answers

Dec 27, 2021 · 3 years ago
In 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.
Dec 27, 2021 · 3 years ago
8k 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.
Dec 27, 2021 · 3 years ago
8k 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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