General Block Settings are common for all the block types and are located within the block settings sidebar header.
Each block is assigned a specific name when created, but you can edit that.
The "#" symbol before the block name is used for linking.
Using the Block Embed option you can embed the block on another website. Just copy the block code snippet and paste it wherever needed.
Block Visibility can be used to set visibility conditions (to which user groups the block is visible) for the block. A detailed overview of this features can be found here.
In Styles & Colors settings you can apply custom styling and colors to the block.
This is for setting the background color of the entire block.
Allows to control the Top and Bottom Padding within the block, as shown below.
Here you can a add a top and bottom borders to the block and apply custom border Style, Width, and Color.