Node
By CoinGecko | Updated on Mar 03, 2020
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain. Together with the miners they are the guarantors that the network works properly. The nodes in Bitcoin are very important because they help the mission of keeping the network decentralized.
Related Terms
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
Algorithm
Algorithm is a set of rules to follow to solve a problem or conduct a task.
Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
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