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April 06, 2014, 01:28:43 AM |
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THe blockchain is a ledger of every transaction in the history of bitcoin. Once you have downloaded all the previous confirmed transactions (blocks), you will continue to download them as miners find more, about every 10 minutes. I'm not sure the size of 1 block but I dont believe its very big at all. The initial download of the blockchain is the worst part about bitcoin, everything else after it is smooth sailing.
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