Mon. Oct 3rd, 2022

The number of nodes in a blockchain network varies depending on the application. For example, Bitcoin has around 10,000 nodes, while Ethereum has over 20,000. The number of nodes is important because each node represents a point of failure. The more nodes there are, the more resilient the network is.

Other related questions:

Q: Does blockchain have shared ledger?

A: Yes, blockchain does have a shared ledger. This ledger is used to track and store all of the transactions that take place on the network.

Q: What is a node in distributed ledger?

A: In a distributed ledger, each node is a computer that stores a copy of the ledger and participates in the network. Nodes can validate transactions and add new blocks to the ledger.

Q: How many nodes does a blockchain need?

A: There is no definitive answer to this question as it depends on a number of factors, including the specific requirements of the blockchain application and the preferences of the users. Generally speaking, however, a blockchain will need at least two nodes in order to function properly.

Q: How big is the blockchain ledger?

A: The blockchain ledger is a public record of all bitcoin transactions that have ever taken place. The ledger is maintained by a network of computers around the world known as miners.

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