Cryptocurrency Q&A
What is a node in money?
What is a node in money?
Margherita
Fri Nov 01 2024
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6 answers
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I'm trying to understand the concept of a 'node' in the context of money. Is it related to financial transactions, blockchain technology, or something else entirely? How does it fit into the broader financial system?
6 answers
CryptoWizardry
Sun Nov 03 2024
In the realm of cryptocurrencies, a node plays a crucial role within a blockchain network.
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CryptoNerd
Sun Nov 03 2024
Specifically, a node refers to a computer that engages in activities related to the verification of transactions and the storage of data.
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Leonardo
Sun Nov 03 2024
These tasks are integral to the smooth functioning of a blockchain network.
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CryptoPioneer
Sun Nov 03 2024
It's important to distinguish nodes from miners and stakers.
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Davide
Sat Nov 02 2024
While miners and stakers are primarily involved in consensus mechanisms and earning rewards, nodes serve a different but equally important purpose.
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