What Are Node Consensus Networks?
Node Consensus Networks (NCNs) are decentralized systems composed of independent nodes that collaboratively validate and confirm data through consensus mechanisms. These networks are fundamental to blockchain technology, ensuring data integrity and trust without relying on a central authority. NCNs can encompass various services, including:- Blockchains: Distributed ledgers that record transactions across multiple nodes.
- Cross-chain bridges: Protocols facilitating asset transfers between different blockchain networks.
- Co-processor networks: Systems that offload specific computational tasks to specialized nodes.
- Interoperability solutions: Frameworks enabling different blockchain networks to communicate and operate together.
- Oracle networks: Services providing external data to smart contracts on the blockchain.
- Solver networks: Platforms that distribute problem-solving tasks across multiple nodes.