Question

A node is

A computer on a blockchain network

A type of cryptocurrency

A blockchain

An exchange

Answer 1

Ans.

A node is

A node refers to the point of connection or intersection within a network. It occurs when all the devices are accessible through the available network. Therefore all these connected devices are know as nodes.

A computer on a blockchain network

Every computer has it's own copy of blockchain, and together those computers which are considered as nodes are together makes up the blockchain network, and plays an important role in sharing tasks and responsibilities to it's other or peer computers.

A type of cryptocurrency

Cryptocurrency refers to the digital currency that is designed to work or perform as a medium of exchange, many types of cryptocurrency are there, but few are some most common cryptocurrencies are as follows :-

• Bitcoin
• Ethereum
• Litecoin
• Ripple
• Dash
• Bitcoin cash

A blockchain

A blockchain refers to a list of records or growing blocks, it also involved cryptography and modification of data.

An exchange

An exchange refers to the market place or the platform of trading where commodities, securities, and other type of financial instruments or documents are traded is know as an exchange, an exchange involves it's mediums such as cash, digital cash or cryptocurrencies etc.