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 cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... rewards as incentivization for their services. In order to validate and relay transactions on the blockchainA Blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a... Read More network, each nodeA computer that connects to a blockchain network. Read More must have a copy of the blockchain that contains all the data from previous blocksGroups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell... Read More. 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 block 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.
