Ask Leo | Function Of A Node In Blockchain Block

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In the terms of cryptocurrency or you might want to say digital currencies, blockchain has been the major backbone and which all transactions done within a block. Each blocks is said to have hashes and time stamp, this block can be stored in any computer that is able to process blockchain transactions.

A blockchain comprise of computers which are networked together, which are referred to nodes and these nodes fundamental functions is storage and mining. A node also have the capability to store a complete set of blocks in a blockchain transaction record, we can refer to these nodes as building blocks of a blockchain. In a blockchain what does this nodes actually do? While firstly the nodes helps with transaction validation within a block, which it helps in verification of incoming transactions checking if they are legitimate.

Secondly they also acts as a storage which they help keep records of transactions within a block, and lastly they help in broadcasting transactions information since they help storing and creating record needed for new transactions.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
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Posted Using InLeo Alpha