does block prevent all damage?

Hi, I am fairly new to this game and I am wondering if block works like it did in D2 (prevent all damage and add a character block animation) or prevents a set amount of damage?

I put a few points into block thinking it stopped all damage, but I feel my survivability hasn't changed munch since having 24% block to 41% block

Thanks
Here you go:
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Blocking an attack prevents all damage and harmful effects including status ailments.

When an attack is blocked, the game first calculates if the attack would have caused a stun were it not blocked. If it would have caused a stun, the blocking animation is played, stunning you briefly. If it would not have caused a stun, then you get a "free" block with no animation. Faster Block and Stun Recovery and Increased Block Recovery modifiers reduce the length of the blocking animation.

http://en.pathofexilewiki.com/wiki/Block

Should be correct as far as I know.
It stops all damage from an attack that hit (not spells by default, but there are ways to make your block affect spells).

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