Blockchain Network

Definition ∞ A blockchain network is a distributed ledger technology system where transactions are recorded across many computers. This decentralized structure ensures transparency and immutability of data. Participants in the network validate and add new blocks of transactions, forming a chronological chain.
Context ∞ Discussions about blockchain networks often involve their consensus mechanisms, transaction throughput, and the development of layer-2 scaling solutions. The competitive landscape between different blockchain networks, each with unique architectural designs and functionalities, is a persistent subject of analysis.