👉 In the context of distributed systems and blockchain technology, computing parties refer to nodes or participants in a network that perform computations to validate transactions, maintain consensus, and manage the ledger. These nodes can be computers running specialized software, such as miners in a Proof of Work system or validators in a Proof of Stake system. Each computing party contributes its processing power and storage capacity to the network, enabling decentralized validation of transactions and enhancing security through consensus mechanisms. By working together, these parties ensure the integrity and reliability of the blockchain without relying on a central authority.
