Lesson 0: Kind of not clear what a node is #1462
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Node is a system which has a copy of whole blockchain. And there are many such nodes. I think I am right upto this point. |
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Hello @chetanpandey1266
No, you are just using a service provided by the nodes to store that smart contract, a node is a person or group of persons which uses their computers as databases for other people, such as you or me. Because of that, we as the users pay a transaction fee which is the payment the node receives for their services. Also, once a new block is created the node who made the register, earns an extra reward known as block reward.
Yes this is actually one problematic and controversial point about blockchain as a whole, as the data is decentralized there are a lot of redundancy, and the data is stored simultaneously on different computers around world, so is energetic expensive. At the end there is IPFS which is a decentralized way to store information (kind of) but is not 100% decentralized at the end. |
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Hello @chetanpandey1266
Nice questions
No, you are just using a service provided by the nodes to store that smart contract, a node is a person or group of persons which uses their computers as databases for other people, such as you or me. Because of that, we as the users pay a transaction fee which is the payment the node receives for their services. Also, once a new block is created the node who made the register, earns an extra reward known as block reward.