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Shared Resources

Definition

Shared Resources are computing assets, such as processing power, storage, or network bandwidth, that are made available for use by multiple entities. In the context of blockchain networks, this refers to the collective computational and data storage capacity that all participating nodes contribute and utilize. Transactions compete for these finite resources, and their allocation is often governed by economic mechanisms like transaction fees. Efficient management of shared resources is crucial for maintaining network performance, preventing congestion, and ensuring equitable access for all users.