Proxy Node

Understand crypto terminology related to psychological pricing, focusing on how pricing strategies influence consumer behavior in the digital currency market.

A Proxy Node acts as an intermediary between users and the main blockchain network. Its primary role is to facilitate communication and transaction requests without the need for users to connect directly to the blockchain.When a user sends a transaction, it first goes to the Proxy Node. This node processes the request, ensuring that it adheres to the network’s rules and then forwards it to the appropriate nodes for verification. By doing this, Proxy Nodes help reduce the load on the main network, improve transaction speeds, and increase privacy, as users do not need to reveal their identities directly to the blockchain.Proxy Nodes also often provide additional features, such as caching data and offering APIs for easier application development. This makes them a valuable component in enhancing the overall efficiency and usability of blockchain networks.

Latest Resources and Blogs