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Somprabh Kumar  pfp
Somprabh Kumar
@cryptosom
Base Network in CryptoDefinition and Purpose: A base network in the context of cryptocurrency refers to the foundational layer of a blockchain ecosystem. It is the primary blockchain upon which various applications, protocols, and additional layers are built. The base network handles the core functionalities of the blockchain, such as transaction processing, security, and consensus mechanisms.Key Characteristics:Consensus Mechanisms: Base networks use history, while light nodes store only essential information.Mining/Staking: Depending on the consensus mechanism, nodes either mine new blocks (Proof of Work) or validate blocks through staking (Proof of Stake).Use Cases and Applications:Cryptocurrency Transactions: Base networks facilitate by different nodes, to improve efficiency.Conclusion: Base networks are the backbone of the cryptocurrency ecosystem, providing the essential infrastructure for secure, decentralized digital transactions and applications.
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