What is a node in Cryptocurrency?

A node is simply a computer that participates in the Ethereum network. This participation can be in three ways. By keeping a shallow-copy of the blockchain aka a Light Client. By keeping a full-copy of the blockchain aka a Full Node. By verifying the transactions aka Mining.

Hereof, what is a Blockchain and Cryptocurrency?

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what's known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today.

What is a node in physics?

A node is a point along a standing wave where the wave has minimum amplitude. For instance, in a vibrating guitar string, the ends of the string are nodes. The opposite of a node is an anti-node, a point where the amplitude of the standing wave is a maximum. These occur midway between the nodes.

What is a miner in Blockchain?

Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

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