What are the different types of nodes in a blockchain network?

There are different types of nodes in a Blockchain network, including full nodes, light nodes, and miner nodes. Full nodes store a complete copy of the Blockchain ledger, while light nodes only store the necessary data to verify transactions.

Where is the blockchain located?

If you wondered where the blockchain is – it is in the nodes. Each node holds an identical version of the transactions. When there’s a new group of transactions (a block) on the blockchain, it gets broadcast from node to node so that every one of them can update its own database in the same way.

How does blockchain work?

When a transaction is made on the Blockchain, it is broadcast to all nodes in the network. Each node verifies the transaction using complex algorithms, and once a consensus is reached among the nodes, the transaction is added to the Blockchain.

What is a full node in blockchain?

Full nodes are the most important type of node in the Blockchain network, as they maintain a complete copy of the Blockchain ledger. These nodes download and store a copy of every transaction and block on the network, which allows them to independently verify the entire Blockchain history.