Every blockchain consists of a cluster of nodes functioning on a peer-to-peer (P2P) network system . Every node in a network has a copy of the shared ledger which gets updated timely. Each node can verify transactions, initiate or receive transactions and create blocks.
Read moreHow many blockchain networks are there?
Currently, there are at least four types of blockchain networks — public blockchains, private blockchains, consortium blockchains and hybrid blockchains.
Read more