beginnertechnology

Node

Definition

Nodes are the backbone of the Bitcoin network. Each node independently checks that every transaction and block follows the rules, so no single computer or organization can cheat the system.

Example

Thousands of nodes around the world each hold an identical copy of every Bitcoin transaction ever made.

Related Terms

Blockchain

A public, distributed ledger that records all Bitcoin transactions in chronological order.

Mining

The process of using computational power to verify transactions and add new blocks to the blockchain.

Bitcoin

A decentralized digital currency that operates without a central bank or single administrator.

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