FAQs stands for Frequently Asked Questions. You’re not alone. Others have asked the same questions. So we’ve put together a list of what we are hearing most and putting them here. As such, this list will be growing as more of members of the VersaCoin community ask great questions, which deserve great answers.
It is actually a combination of two significant words in a crypto currency “block” and “chain”.
Think of a block as a container where the data of transactions are stored. Every transaction that takes place is added to the public ledger and are placed in a block to be validated.
Miners are constantly validating these blocks every two minutes and when a miner validates a block, it is placed at the end of the chain, which is made up of every block that was previously validated.