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

3 answers

• Nov 29, 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.
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• Nov 29, 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.
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• Nov 29, 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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