Forging Node

Fork height refers to the specific block number at which a cryptocurrency's blockchain diverges, creating a new version of the chain. This key term is crucial for understanding how forks impact the crypto ecosystem.

A forging node plays a key role in the creation of new blocks in certain types of blockchain networks, particularly those using a proof-of-stake (PoS) or delegated proof-of-stake (DPoS) consensus mechanism. Instead of mining, which is energy-intensive, these networks allow participants to “forge” new blocks based on the amount of cryptocurrency they hold or have been delegated.To become a forging node, a participant typically needs to stake a certain amount of their coins, which serves as collateral and displays commitment to the network. The probability of being selected to forge a new block usually correlates with the size of the stake. When a node successfully creates a block, it is rewarded with transaction fees and sometimes additional cryptocurrency.Forging nodes contribute to network security and transaction validation, ensuring that data is accurate and trustworthy. Alongside their critical functions, they often help maintain the network’s decentralization by allowing more participants to take part in the block creation process without the high costs associated with mining hardware.

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