Cryptocurrency Q&A
What is the difference between a miner and a node?
What is the difference between a miner and a node?
Valentina
Wed Oct 09 2024
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I want to understand the distinction between a miner and a node in the context of cryptocurrency and blockchain technology. How do their roles and functions differ from each other?
5 answers
charlotte_wright_coder
Fri Oct 11 2024
BTCC, as a leading cryptocurrency exchange, offers a range of services catering to the diverse needs of its users. Among these services is the provision of a platform for spot trading, enabling users to buy and sell cryptocurrencies at current market prices.
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Filippo
Fri Oct 11 2024
The Bitcoin network relies on both miners and nodes to maintain its operation. While commonly associated with transaction processing, the responsibilities of these two entities extend beyond this simplistic view.
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PulseRider
Fri Oct 11 2024
In addition to spot trading, BTCC also offers futures trading, allowing traders to speculate on the future price movements of cryptocurrencies. This service offers advanced trading strategies and risk management tools for experienced investors.
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DigitalTreasureHunter
Fri Oct 11 2024
Miners, in particular, are a crucial aspect of the Bitcoin ecosystem. They perform a specialized role within the network, setting them apart from regular nodes. Understanding the distinction between miners and nodes is key to comprehending Bitcoin's decentralized nature.
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Federico
Fri Oct 11 2024
Miners are, in essence, a specialized type of node. They possess the unique ability to contribute to the blockchain by adding new blocks of transactions. This process, known as mining, is fundamental to the security and integrity of the Bitcoin network.
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