What is the role of a node in cryptocurrency?

3 answers

• Dec 18, 2021 · 3 years ago
  A node in cryptocurrency is a computer that participates in the network by maintaining a copy of the blockchain and validating transactions. It helps to secure the network by verifying transactions and blocks, and relaying information to other nodes. Nodes also play a role in reaching consensus on the state of the blockchain. In summary, nodes are essential for the decentralized nature of cryptocurrencies and ensure the integrity and security of the network.
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• Dec 18, 2021 · 3 years ago
  Nodes in cryptocurrency are like the backbone of the network. They store a copy of the entire blockchain and validate transactions to ensure their accuracy. Without nodes, the network would be centralized and vulnerable to attacks. So, nodes play a crucial role in maintaining the decentralized nature of cryptocurrencies and ensuring the security of transactions.
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• Dec 18, 2021 · 3 years ago
  In the world of cryptocurrency, a node is a computer that helps to maintain the network by storing a copy of the blockchain and participating in the validation of transactions. Nodes communicate with each other to reach consensus on the state of the blockchain and ensure that all transactions are valid. They also help to propagate new transactions and blocks across the network. So, without nodes, the cryptocurrency network would not function properly.
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