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Computation

Definition

Computation refers to the process of performing calculations and executing algorithms, often utilizing specialized hardware or software. In the realm of digital assets, computation is fundamental to blockchain consensus mechanisms, transaction validation, and the execution of smart contracts. The resources dedicated to computation, such as processing power, directly influence the security and efficiency of a network. Different computational models, like Proof-of-Work or Proof-of-Stake, define how this process is managed.