Global networks refer to interconnected systems of computers and other devices spanning geographical boundaries, enabling worldwide communication and data exchange. In the blockchain context, this describes the distributed infrastructure of nodes that maintain and validate transactions across a decentralized ledger. These networks operate without a central point of control, ensuring resilience and censorship resistance. They form the backbone of the internet and digital asset systems.
Context
The concept of global networks is fundamental to understanding the operational mechanics and reach of blockchain technology. News often highlights the expansion or challenges faced by these networks, such as issues related to decentralization, energy consumption, or regulatory attempts to control them. The ongoing development of faster, more scalable global network infrastructure is crucial for the widespread adoption of digital assets and decentralized applications, impacting their performance and accessibility worldwide.
SWIFT's strategic pivot to a blockchain-based shared ledger significantly enhances global payment infrastructure, enabling 24/7 tokenized value transfers with improved efficiency and transparency for financial institutions.
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