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
The traceability is the set of procedures to track the path of any object. In the cryptocurrencies environment, the traceability allows to track any transaction through its blockchain to its origin. This is a very important property because it gives coherence to the network. If a exchange would not have traceability, it would be impossible […]
DAO are the initials from Decentralized Autonomous Organizations. The DAO, who lack any hierarchical structure, are based in blockchain technology. The smart contracts contain all the applicable rules so the DAO works autonomously. Therefore, these organizations bring a new way to deal with the process of taking decisions.
Lightning Network is a P2P network which works as a second layer for Bitcoin. This network proposes that the blockchain registration should only serve to manage bidirectional payment channels. The transactions from these payment channels should register outside of the blockchain. Therefore, the network could increase the scalability without any damage over the decentralization or […]