Definition ∞ A Multi-Party Network consists of several independent entities that collectively operate and maintain a shared system or database. In the context of blockchain, this refers to a decentralized network where numerous nodes validate transactions and maintain a distributed ledger without a central authority. Participants collaborate to achieve consensus on the state of the system. This distributed architecture enhances resilience and censorship resistance.
Context ∞ News about Multi-Party Networks is fundamental to understanding how most cryptocurrencies and blockchain systems function. Reports often discuss the number of validators, decentralization metrics, or governance structures within these networks. The security and integrity of digital assets depend on the collective operation of these multiple parties. Debates around network centralization or the influence of large stakeholders often relate to the health and fairness of a multi-party network.
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