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What is a blockchain singularity (What is a blockchain node)?

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What is a blockchain singularity? In simple terms, it is the programmability of

What is a blockchain singularity (What is a blockchain node)?

What is a blockchain singularity? In simple terms, it is the programmability of a distributed ledger achieved through the encryption of existing data. When data is recorded in a block, it possesses characteristics such as decentralization and immutability. These features allow for more efficient storage, transaction, and verification of data on the chain, allowing it to remain updated without changing existing rules or leading to incorrect results. This means that all nodes have the right to participate and decide which consensus mechanism to adopt, and new data can be added to the network to ensure security.

What is a blockchain node?

According to official sources, a blockchain node is a new network architecture based on distributed ledger technology (DLT), which can package, verify, and broadcast data for transactions on the chain. The system has characteristics of multi-centering, using encryption algorithms to connect off-chain data with nodes on the blockchain. Through the node mechanism, users can conduct transactions and receive rewards without changing the main network or causing forks.

Note: A blockchain node is a network system composed of multiple participants, ensuring the synchronization of information flow and fund flow. It has different roles responsible for executing consensus rules and a series of tasks, and provides services based on specific application scenarios and different needs.

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