Nodes are individual computers connected to the blockchain networkA blockchain network is a decentralized system that allows for peer-to-peer transactions. The main components of a blockchain network are... Read More that validate and relay transactions. Nodes may receive cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More rewards as incentivization for their services. In order to validate and relay transactions on the blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More network, each node must have a copy of the blockchain that contains all the data from previous blocks. Nodes use their computer power to solve complex mathematical problems in order to verify a new transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More, which is then added to the next blockA block is a specific type of construct in a blockchain that stores transactional information blocks typically contain transaction information... Read More in the chainA chain is a linear sequence of data blocks. Each block contains a cryptographic hash of the previous block and... Read More if it succeeds. As an incentive for their service, nodes may receive cryptocurrency rewards.
