I have the same question about these node and master nodes. I am searching for answer regarding with the technicalities of bitcoin. Fortunately it leads me to this thread which very useful when it comes to bitcoin technicalities. And in regards with the comments of the members here I have read that these are the block chains of bitcoin/alt coin of that computer with IP dedicated address.
As you can read above, nodes are computers in a network -- in this case, the bitcoin network.
They form the basis of the blockchain.
All the bitcoins that exist exist as outputs on the computers that run the bitcoin core software, and all the transactions that have ever take place since the Genesis block in 2009 are stored.
Nodes perform an array of functions like validating and relaying blocks, etc.
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Well is this block chains of bitcoin/alt coin applicable to android phones? I hope I could get some answers here. I am Newbie.
You can see that nodes require a lot of storage (more than 150GB for bitcoin), and lots of processing power to validate blocks, and they must be online constantly.These requirements are too much for a mobile device to handle so it is not possible to run a node on a mobile device.
