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
Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
Dominance
Typically refers to Bitcoins' market capitalization dominance.
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
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