Full Node
By CoinGecko | Updated on Aug 12, 2021
Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency. In the context of Bitcoin, the software that allows a computer to act as a full node is called the Bitcoin Core. Once a computer's Bitcoin Core programme is fully synced with the network (downloaded all past history of the blockchain), it becomes ready to help verify all incoming future blocks, as well as provide data to other nodes as a full node.
Related Terms
Total Value Locked
Total Value Locked (TVL) represents the number of assets that are currently staked in a protocol or the total quantity of underlying amount of funds that a DeFi protocol has secured.
Derivatives
A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
KYC (Know Your Customer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
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