CryptoURANUS Economics: Full Node: Defined in CryptoCurrency

CryptoCurrencies


Tuesday, August 7, 2018

Full Node: Defined in CryptoCurrency

Full Node: Defined in CryptoCurrency


A full node is defined as a computer that has a complete, current copy of the blockchain software. 


A node is defined as any computing device (computer, phone, etc.) that is maintaining a network. Cryptocurrencies are supported by a network of computers each keeping a digital record of the data known as a blockchain. 


A computer, a phone, or any other computing device that can receive, transmit, and/or contribute to the blockchain is a node.

When talking about blockchain technology, we have two types of full nodes:
  • A full node that maintains an entire copy of the blockchain program and also receives, records, verifies, and transmits transactions on the blockchain. This process is known as “mining”.
  • A full node that only receives and transmits transactions on the blockchain program. This process is passive and relies on a mining full node for updates.

No comments:

Anti-AdBlocker

Search This Blog