A blockchain network consists of nodes, validators, and consensus mechanisms that secure transactions while maintaining decentralization. Different blockchain networks—such as Bitcoin’s proof-of-work (PoW), Ethereum’s proof-of-stake (PoS), and Polkadot’s parachain network—offer unique advantages in terms of security, speed, and scalability. Network upgrades, including Ethereum’s Merge, Solana’s transaction optimizations, and Binance Smart Chain’s EVM compatibility, shape the evolution of blockchain technology. Investors analyze network congestion, validator rewards, and gas fees when participating in blockchain staking and governance.
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