Definition ∞ Compute providers supply computational resources necessary for processing data and running applications. In the context of blockchain and Web3, these entities offer the processing power required for validating transactions, executing smart contracts, and supporting decentralized applications. Their infrastructure can range from individual nodes to large-scale data centers, forming the backbone of decentralized networks. The availability and cost of these services directly influence the efficiency and scalability of blockchain operations.
Context ∞ The role of compute providers is expanding beyond traditional cloud services into decentralized networks, with many projects aiming to create open markets for computational power. This decentralization seeks to reduce reliance on centralized infrastructure and enhance network resilience. Competition among compute providers, alongside advancements in hardware and software, influences the economic models and operational capabilities of various blockchain protocols.
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