To grasp the concept of chain reorganization, one must first understand some key fundamental concepts in blockchain technology. Among these fundamental concepts is the node operator network—a composition of specialists responsible for the secure distribution of data on a given blockchain network.
Notably, each active copy of a distributed ledger or blockchain is stored by a node, which is equally responsible for the reliability of the stored data. Moreover, nodes must keep their copies of the blockchain up to date in order to enable them to effectively authenticate transactions made on a blockchain network within which they operate.
To put it in other words, blockchain nodes are network stakeholders whose devices (i.e., validating/mining hardware) are authorized to keep track of the distributed ledger and serve as communication hubs for various network tasks. More specifically, a blockchain node’s primary task is to confirm…
