The network is based on a peer-to-peer (P2P) protocol. Various nodes exchange transactions and blocks in this network. Every node in this Bitcoin network is treated equally. One advantage of this is that each node has the option of taking different roles, depending on each person's preference on how they want to participate in the Bitcoin network.
Bitcoin network
Types of nodes
Before we discuss the types of nodes, let's discuss some of the primary functionalities that the nodes perform:
- Wallet
- Mining
- Full blockchain
- Routing
Majorly, there are two types of nodes in the Bitcoin network. We'll now go into some brief details on each.
