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Bit
A bit is essentially a basic unit of information in the case of computing. The name is a contraction of the binary digit and represents a logical state with one of two possible values. These two values are only 0 and 1. Bits are typically grouped up ...
Block Size
Blocks are some of the smallest components in a blockchain ledger. Essentially, blocks are bundles of transaction data clumped together, which are later combined in a chain that forms the distributed ledger. Block size is pretty straightforward — it ...
Gigabyte (Gig or GB)
Gigabyte also known as GB is a unit of measurement that is used to calculate the amount of storage you have on devices such as flash drives, computers and phones. It’s usually sufficient to think of a gigabyte as approximately one billion bytes or ...
Bandwidth
Bandwidth is quantified by the number of megabytes or gigabytes per second processed on a network. When the bandwidth limit on a network is reached, the data flow becomes insufficient to manage the volume, and connections slow down. In simple terms, ...
Bandwidth
A measurement of the amount of data that can be transmitted over a network at any given time. The higher the network’s bandwidth, the greater the volume of data that can be transmitted. Network bandwidth is usually expressed in bits per second (bps); ...