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Node
How it works

Node

Any organization or system connected to a blockchain network. When something is added to the shared record, every node receives the same update at the same time. Each participant has one. Think of it as a seat at the table.

TradFi equivalent
In traditional finance...
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TradFi equivalent
An ATM network like Visa or Mastercard's interbank system. Your bank and a bank on the other side of the world have never met, but when you use your card abroad, both institutions connect through the same shared network and follow the same rules. Each bank is a separate participant, but the network treats them all equally.
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Analogy
In everyday terms...
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Analogy
A branch of a bank. Each branch is a separate location, but they all connect to the same account system and see the same balances in real time. In blockchain, each participating organization is a branch, except that there is no headquarters. Every branch is equal.
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