What are the different types of network nodes in cryptocurrency?

We explore the different types of network nodes in cryptocurrency and the roles they play in verifying transactions. In this guide we discuss network nodes, masternodes and lightning nodes. Before we begin we first need to understand what a blockchain network is.

What is network effect in cryptocurrency?

Network effect is a term that refers to a major change in the value of a product or a service due to an increase in its usage. Network effect is very important in the cryptocurrency world. For instance, there may be a sudden increase in the number of people joining a certain blockchain network which can trigger a network effect.

How do I deposit crypto?

At Home, tap Deposit > Crypto 2. Select CRO 3. In the Deposit Drawer, choose to deposit CRO or CRO (ERC20) 4. Copy the address and navigate to your external wallet to complete the deposit * Please note that depositing CRO requires both memo and address for us to identify the deposit. How do I withdraw crypto? At Home, tap Transfer > Withdraw.