Thursday, March 28, 2024

Distributed Network

by Hideo Nakamura
Distributed Network

Distributed Network

A distributed network is a type of computer network where the task of relaying data is spread among many computers, rather than having one centralized server. This type of architecture has been used in peer-to-peer networks, as well as in blockchain and cryptocurrency applications.

In a distributed network, each node (computer) stores its own copy of the ledger and participates in consensus to agree on the state of the ledger. This allows for greater resiliency against malicious actors because any single node or group cannot alter or control the entire system without being detected. Additionally, due to its decentralized nature it can be more secure from cyberattacks and censorship since there is no single point of failure that could potentially be targeted by attackers. Finally, it also enables faster transactions since multiple nodes are able to process them simultaneously instead of relying on a single source for processing power.

Blockchain technology is based upon this type of distributed architecture as every node holds an identical copy of the blockchain’s digital ledger which records all transactions made using cryptocurrencies such as Bitcoin and Ethereum. Every time someone sends funds from one address to another over these networks, their transaction must first be validated by other nodes before being added to the public ledger – thus providing trustless yet transparent execution between two parties who may not even know each other’s identity but have access to an immutable record which shows proof-of-transaction beyond doubt..
In addition to cryptocurrency applications such as blockchains; distributed networks are also used for various types of computing tasks including file sharing systems like BitTorrent, cloud storage services like Dropbox or Google Drive, Mesh Networks etc., allowing users around world collaborate with each other securely without trusting any third party intermediary.

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