the EXO girl
--
$BOB How do blockchain nodes work?
Blockchain nodes don’t require servers like email, WhatsApp, or other service that depend on centralize server to stay online.
Binance app uses server, and BscScan also uses server, but only as a UI. actual logic of the BNB Chain itself run on blockchain node.
Now, let’s talk about blockchain node.
Running a blockchain node using a peer to peer protocol only requires an internet connection no special server is necessary.
key step are:
1. Bootstrapping
2. Peer Discovery
3. Direct TCP or UDP connection
Those three are enough to get started, though behind them lies complex code.
There are two type of crypto asset:
1. Coin like BTC, ETH, and BNB.
2. Token like BOB on BNB Chain or PEPE on ETH.
Coin have their own blockchain, while token do not they operate on top of an existing coin blockchain.
How do node validate each other and reach consensus?
A blockchain has no CEO and doesn’t require anyone approve every node must agree on which transaction order is correct. Mechanism depends on the consensus algorithm:
Proof of Work (Bitcoin) Miner compete to solve cryptographic puzzle, and other node verify the winning block.
Proof of Stake (ETH and BNB Chain) Validators are selected based on how many coin they stake, other validator verify their block.
Summary:
Node are computers in the blockchain network. They verify transaction, store data, and share information.
All node communicate directly (peer-to-peer) and agree on data through a consensus protocol.
Bitcoin is a basic blockchain it doesnt run complex smartcontract, only private/public key.
BNB and ETh are general purpose blockchain designed to run program like DApp, DeFi, and to create token such as $BOB .
This is how blockchain technology is build. On general purpose blockchain, you can build almost anything store data, run voting system like elections, and more.
That why Binance is heavily promoting its Build on BNB campaign, focus not only on crypto but on real world applications in daily life and education.
{alpha}(560x51363f073b1e4920fda7aa9e9d84ba97ede1560e)
Blockchain nodes don’t require servers like email, WhatsApp, or other service that depend on centralize server to stay online.
Binance app uses server, and BscScan also uses server, but only as a UI. actual logic of the BNB Chain itself run on blockchain node.
Now, let’s talk about blockchain node.
Running a blockchain node using a peer to peer protocol only requires an internet connection no special server is necessary.
key step are:
1. Bootstrapping
2. Peer Discovery
3. Direct TCP or UDP connection
Those three are enough to get started, though behind them lies complex code.
There are two type of crypto asset:
1. Coin like BTC, ETH, and BNB.
2. Token like BOB on BNB Chain or PEPE on ETH.
Coin have their own blockchain, while token do not they operate on top of an existing coin blockchain.
How do node validate each other and reach consensus?
A blockchain has no CEO and doesn’t require anyone approve every node must agree on which transaction order is correct. Mechanism depends on the consensus algorithm:
Proof of Work (Bitcoin) Miner compete to solve cryptographic puzzle, and other node verify the winning block.
Proof of Stake (ETH and BNB Chain) Validators are selected based on how many coin they stake, other validator verify their block.
Summary:
Node are computers in the blockchain network. They verify transaction, store data, and share information.
All node communicate directly (peer-to-peer) and agree on data through a consensus protocol.
Bitcoin is a basic blockchain it doesnt run complex smartcontract, only private/public key.
BNB and ETh are general purpose blockchain designed to run program like DApp, DeFi, and to create token such as $BOB .
This is how blockchain technology is build. On general purpose blockchain, you can build almost anything store data, run voting system like elections, and more.
That why Binance is heavily promoting its Build on BNB campaign, focus not only on crypto but on real world applications in daily life and education.
{alpha}(560x51363f073b1e4920fda7aa9e9d84ba97ede1560e)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0