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Topic: What is a node in Bitcoin network (Read 358 times)

member
Activity: 114
Merit: 100
June 26, 2017, 12:32:40 AM
#4
I'm new to cryptocurrency without knowledge about technical. I heard so much about node but I don't know node what it is. What's purpose of node in Bitcoin network and why we need it ? What's the different between node and Masternode ??

Instead of re-writing these answers, i just found 2 nice explanations for you:
to answer your first question, this was the first hit in google: http://www.coindesk.com/bitcoin-nodes-need/

As for your second question: bitcoin doesn't use the masternode concept. I think masternodes were invented by dash, here's a link: http://dashmasternode.org/what-is-a-masternode/

So much respect for your sharing, thanks Smiley
full member
Activity: 179
Merit: 104
June 26, 2017, 12:30:45 AM
#3
Nodes are participants in the network. Full nodes are more important and hold a full copy of the blockchains, receiving and propagating new transactions on the go.
legendary
Activity: 3612
Merit: 5297
https://merel.mobi => buy facemasks with BTC/LTC
June 26, 2017, 12:26:46 AM
#2
I'm new to cryptocurrency without knowledge about technical. I heard so much about node but I don't know node what it is. What's purpose of node in Bitcoin network and why we need it ? What's the different between node and Masternode ??

Instead of re-writing these answers, i just found 2 nice explanations for you:
to answer your first question, this was the first hit in google: http://www.coindesk.com/bitcoin-nodes-need/

As for your second question: bitcoin doesn't use the masternode concept. I think masternodes were invented by dash, here's a link: http://dashmasternode.org/what-is-a-masternode/
member
Activity: 114
Merit: 100
June 26, 2017, 12:18:27 AM
#1
I'm new to cryptocurrency without knowledge about technical. I heard so much about node but I don't know node what it is. What's purpose of node in Bitcoin network and why we need it ? What's the different between node and Masternode ??
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