4 Components of a blockchain network blocks, chain, node, master node

A blockchain network typically consists of several components, including blocks, chain, nodes, and master nodes. Blocks are the individual units of transactions that are added to the chain, while the chain is the ledger of transactions. Nodes are the individual computers or devices that participate in the network, and master nodes are nodes with special privileges, such as the ability to validate transactions or participate in consensus algorithms. Each component plays a key role in the functioning of the blockchain network, and together they enable secure, transparent, and tamper-proof transactions.