Distributed Network

Understand crypto terminology related to distributed secure transactions, including key concepts like blockchain, consensus protocols, and cryptographic methods.

A distributed network refers to a system where multiple computers or nodes work together to maintain and validate data, without relying on a central authority. In this setup, each node holds a copy of the entire database, making the system resilient and decentralized.This decentralization enhances security, as there’s no single point of failure. If one node goes offline or is compromised, the network continues to function smoothly. Each node communicates with others to reach a consensus on the state of the data, usually through various consensus mechanisms.Additionally, distributed networks promote transparency and trust. Transactions are recorded on a public ledger, allowing participants to verify and audit them independently. This setup minimizes the risk of fraud and manipulation, as altering any single record would require changing the data on a majority of nodes simultaneously.Overall, distributed networks empower users by providing a system that is secure, transparent, and resistant to censorship, fostering a collaborative environment for various applications.

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