Difference between Blocks and templates

Why do we need a block? And where do we define it?

I think templates are flexible, and I use them as partials and "blocks".
Therefore I'm curious about how to use a block.

For example, I could do this (if I'm not wrong):

Views/index.ctp

<?php echo $this->element('someBlock'); ?>

Then in Views/Elements/someBlock.ctp

<div>    //some layout    <?php echo $this->element('someBlockContent'); ?>  </div>

Then finally in Views/Elements/someBlockContent.ctp

<div>      <p>This is someBlockContent's content</p>  </div>

Nested templates works the same as a block?

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