A block is a bundle of Bitcoin transactions — a page in the ledger. Every ten minutes or so, all the transactions that have happened recently get grouped together, verified, and permanently recorded as a single block. That block gets added to the chain of all previous blocks. That’s the blockchain.

Think of it like a bank statement. Instead of getting a statement every month, Bitcoin produces one every ten minutes. And instead of being stored on a bank’s private servers, it’s stored on every computer running the Bitcoin network simultaneously.

What’s actually inside a block?

Block Header
A fingerprint of the previous block (linking the chain), a timestamp, and the proof-of-work solution the miner had to solve to earn the right to add this block.
Transactions
Up to a few thousand individual transactions — each one recording who sent how much Bitcoin to whom. Your payment at a merchant is one of these lines.
Coinbase Transaction
The very first transaction in every block — the miner's reward. Currently 3.125 BTC per block, plus any transaction fees included in the block.
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Links to the next block, and the one after that, forever.

Why does it take ten minutes?

Ten minutes is the approximate target for how long it takes miners to solve the mathematical puzzle required to add a new block. Bitcoin automatically adjusts the difficulty of the puzzle every two weeks to keep the average close to ten minutes — regardless of how many miners are competing.

If lots of miners join the network, the puzzle gets harder. If miners leave, it gets easier. The goal is always approximately one new block every ten minutes.

This is why Bitcoin payments take a few minutes to fully confirm — your transaction is waiting in the queue until the next block is added. Lightning Network payments skip this wait entirely by settling off-chain instantly.

Why can’t you change an old block?

Each block contains the “fingerprint” (hash) of the block before it. If you changed anything in an old block — even one character — its fingerprint would change, which would invalidate every block that came after it. To rewrite history, you’d have to redo the proof-of-work for every subsequent block, faster than the entire rest of the network is adding new ones. In practice, this is computationally impossible.

This is what makes Bitcoin’s record permanent. It’s not stored behind a password. It’s protected by physics and math.

A note from Hodl
As of today, there are over 890,000 blocks in the Bitcoin blockchain. Block 0 — the Genesis Block, mined by Satoshi on January 3, 2009 — is still there at the bottom, unchanged, holding 50 BTC that can never be spent. Every block since then references it, directly or indirectly. The chain is unbroken.

Block facts worth knowing

Your payments land on the blockchain.

Every Bitcoin payment through OrangeTill is recorded permanently — wallet to wallet, no middleman.

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Disclaimer: This article is for informational and educational purposes only. OrangeTill is a payment software company, not a financial advisor.
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