Node

« Back to Glossary Index

A node is every single computer where an updated and complete copy of the DLT network can be stored. Nodes are in charge of the validation of new transactions. When the nodes validate a new transaction, this is added to the network, and the nodes receive a copy of the updated network. This way, the nodes can access all the available information at any time.

« Back to Glossary Index

Related articles

Exchange

A cryptocurrency exchange is the platform who acts as an intermediary between the buyers and the sellers. It allows to visualize the prices and to trade in real time for all the available cryptocurrencies.

Learn More

Smart Contract

Smart Contract is an informatic program which executes a certain function when the conditions are met. It is very used for cryptocurrencies systems. An example would be: if there is more than X in account A, then transfer it to account B.

Learn More

ERC-20

The term ERC-20 stands for “Ethereum Request for Comment 20”. It is a standard Smart Contract model you can use for creating fungible tokens on the Ethereum blockchain. Fungible tokens are divisible, interchangeable, and not unique, units of value.

Learn More