What is Block?
A block is a batch of validated transactions bundled together and added to the blockchain — containing a header with metadata and a body with transactions, forming one link in the chain.
WHY IT MATTERS
Blocks are the fundamental unit of blockchain data. Instead of processing transactions individually, blockchains batch them for efficiency. Each block contains a reference to the previous block, a timestamp, a Merkle root, and consensus data.
Block parameters vary: Bitcoin ~10 minutes with 1MB limit, Ethereum ~12 seconds, Solana ~400ms. These parameters reflect different priorities — security vs speed vs throughput.
Block production is the core consensus function: validators compete or are selected to produce the next block, ordering transactions within it — which has implications for MEV.