
How Bitcoin Works Transactions, Blocks, Mining, and the Blockchain The bitcoin transaction hash, or block number and find the equivalent data on the bitcoin. The Bitcoin Core client stores the blockchain metadata using Google's LevelDB database. Blocks are linked “back,” each referring to the previous block in the. Bitcoin processes 4.6 transactions per second. The current Bitcoin block generation time is 10 minutes; i.e., every ten minutes, a new block is mined. In contrast to machine learning models, deep models take a long time to train and.