Node

2019.11.11

A node refers to an individual computer system that forms part of a network. In cryptocurrency networks, distributed nodes validate and relay transaction data in place of a central authority. This decentralization removes any single point of failure, increasing the network’s overall resilience.

Nodes each run a similar open-source software implementation and store either a complete or partial copy of the network’s total transaction history. They compare newly submitted transactions with their own record to confirm their validity. Nodes also enforce network rules by rejecting blocks of transactions from miners following a different ruleset.

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

Node

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