DISTRIBUTION OF VARIOUS NETWORK IN CRYPTOCURRENCY

in Steem Alliance8 months ago (edited)

Hello to everyone in this great community and on this wonderful platform at large. I greet you all in good spirit and I want to believe that we all are doing just great today and if so we give God the praise for the sustenance of life and good health.

Before I go straight to the teaching of today I want to use this medium to say a big happy valentine's day to this wonderful community and to everyone present on the platform in general. I do hope we all are having a good time with friends and family.

Today I am here again to continue the teaching regarding the term DISTRIBUTION REGARDING CRYPTOCURRENCY. So far so good we have seen a lot of distribution in cryptocurrency from the token distribution down to the geographical distribution and today we will be looking at another type of distribution regarding cryptocurrency.

The discussion for today is being tagged NETWORK DISTRIBUTION IN CRYPTOCURRENCY. I know that some of few might be wondering what does network distribution entails and as such I want to tell you that you shouldn't worry as I will do justice to today's teaching. I urge you all to sit tight and relax as I begin the discussion for today. I wish you all a happy reading!!


Before I begin the teaching for today I will like to explain a given term in other for us to understand the topic vividly and this term is regarded as NETWORK IN CRYPTOCURRENCY in which I will like to break down afterwards we proceed to the teaching for today.

NETWORK IN CRYPTOCURRENCY

In a normal term network in cryptocurrency refers to the channel of connection that exists among certain miners in a given cryptocurrency project. It entails a chain of connections by which is shared among nodes validators and these validators are responsible for the validation of transactions hence it reveals the decentralized system of cryptocurrency.

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The network is a chain of connection through which validation of transactions are processed by a selected individuals and these individuals performs the mining activities and also execute nodes and validates transaction regarding a particular cryptocurrency asset network.

Now let us dive into the teaching regarding today's discussion.

NETWORK DISTRIBUTION IN CRYPTOCURRENCY

Now the network distribution in cryptocurrency refers to the dispersion of miners or nodes validators within a specific network of a particular cryptocurrency. The reason for the network distribution among these miners is so as to protect the network especially from malicious activities such as fraudulent attacks that are unforseen.

Now this network distribution aid a stronger protection regarding a particular cryptocurrency network hence with the presence of these miners, authority is been given to them hence the network is well secured as it will be hard for an attack to bypass all the miners at a given time.

As a decentralized system the authority regarding the network of a certain cryptocurrency is been distribution among these nodes.

As such it will be cumbersome for fraudulent activities to occur as well as it will be almost impossible for an attack to be noticed on the network as power is been distribution among all miners connected to the said cryptocurrency network and with their presence it will be tasking for an attack to ride over them.

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As the network is been distribution within a given miners regarding a particular cryptocurrency network their role is to validate transactions and also stop any form of attack that is coming from anywhere also they assist in making the execution of transactions faster as they help in providing efficiency and eradicating possible interruptions or disruption of transactions regarding the said cryptocurrency's network.


CONCLUSION

To conclude the whole discussion I will like to add that the reason why network distribution is important in cryptocurrency is so that there would be high efficiency regarding performing transactions on the said cryptocurrency's network and this will not be possible if there are no nodes or miners to make that happen.

So the distribution of miners within a particular digital currency network is what is tagged as network distribution in cryptocurrency. They assist to resist every possible attacks that are liable to cause harm and so they provide adequate protection and security to the network.

Thank you all for having me today. I will be seeing you around in a short while but for now I say goodbye to you all and have a great day ahead.

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 8 months ago 
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