KIP Protocol
@kipprotocol
#KIPNodes101 Mini-Series 🧵 as we gear up for our Node Sale What are the vital functions nodes perform across blockchains? Why do they play pivotal role in KIP's mission to decentralize AI? 👇
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KIP Protocol
@kipprotocol
As the foundation of blockchains, nodes store a copy of the entire ledger 📚, validate new transactions ✅, and ensure the network's integrity 🔒 Their primary function has evolved to include more complex tasks today, such as allowing community participation in governance 🗳
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KIP Protocol
@kipprotocol
The OG nodes were, of course, on #Bitcoin Full Bitcoin nodes collect and verify transaction data, storing it and publishing it ready to be picked up and included in a block by the miners. They also help to protect against 51% attacks by checking miners' work.
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KIP Protocol
@kipprotocol
Ethereum changed the model a little. RPC nodes still collect transactions, but now they broadcast not to miners but to validator nodes 📡 Validators stake ETH to be eligible to participate in the network's decision-making, such as voting on the validity of new blocks ✅
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