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
Derivatives
A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)
Solidity
Object oriented programming languaged used in various smart contract blockchains.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
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