WHAT IS A BLOCKCHAIN NODE?steemCreated with Sketch.

in blockchain •  6 years ago 

A node on a blockchain can be any electronic device ( computer, mobile handset etc )with an IP address. Each node maintains the copy of the blockchain and can also contribute in processing transactions on the network. For processing transactions the node earns mining rewards.

The nodes on the network compete for earning the mining rewards and generally CPUs, GPUs and ASIC hardware devices are deployed for performing the mining task.

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A blockchain node is a computer that connects to a blockchain network and helps to maintain the network by validating transactions and blocks. Nodes can be categorized as full nodes or light nodes, depending on the level of participation in the network. Full nodes store a complete copy of the blockchain and validate transactions independently, while light nodes rely on full nodes to perform validation. In the context of Polygon, a blockchain network that aims to provide faster and cheaper transactions compared to other networks, a polygon nodes provider would be a company or individual that offers node hosting services for the Polygon network. By using a Polygon nodes provider, users can benefit from the advantages of the Polygon network, such as faster transaction speeds and lower fees, without the technical expertise or resources required to maintain their own nodes.