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Blockchain Complete Guide  

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Distribution

Each node on the Blockchain network maintains a full copy of the ledger. It will communicate with other nodes on the network before adding a new block to the existing chain.

Advantages

1. No single point of failure as each node has a copy of ledger.

2. Overall faster transactions
like remittance industry where multiple intermediary take days for transaction to complete.

Disadvantages

3. Every node (device) in the network needs to have the whole database.
However, the concept of the Light node has originated

Where participant need not store the data from the genesis block.

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