Block Production

The process of creating new blocks in a blockchain. In Proof-of-Work networks, miners compete to solve a cryptographic puzzle to create blocks and the network checks that the miner’s solution and the block’s transactions are correct. In Proof-of-Stake networks, competing validators provide collateral in order to be randomly selected and once selected, the validator proposes a new block that must be verified and attested to by other validators before being added to the chain. In both types of networks, block production serves to authenticate and record new transactions while maintaining network consensus.