What does buying a node mean?

The verification process ensures that no fraudulent activities occur within the blockchain, maintaining its trustworthiness and security. Authentication, on the other hand, confirms the validity of each transaction.

Cryptocurrency operates on a fundamentally different framework compared to traditional financial systems. One of its CORE components is the blockchain, which serves as the foundation for its operation.

The blockchain is a digital distributed ledger, a decentralized and tamper-proof record of all cryptocurrency transactions. This feature eliminates the need for intermediaries, such as banks, and makes transactions more efficient and transparent.

The distributed nature of the blockchain also means that it is highly resilient to attacks and failures. Even if a portion of the network is compromised, the remaining nodes can continue to operate and maintain the blockchain's integrity.

Within the blockchain ecosystem, a node plays a pivotal role. It is not merely a passive entity but an active participant in the maintenance and validation of the blockchain's integrity.