Daemon

In the context of cryptocurrency, a daemon (pronounced 'dee-mun') refers to a background process or program that runs continuously on a computer or server and provides specific services related to blockchain networks. These services may include tasks such as maintaining a copy of the blockchain, validating transactions, relaying information between network participants, and facilitating consensus among nodes.

Cryptocurrency daemons are an essential component of decentralized blockchain networks. They help ensure the security, integrity, and functionality of the network by performing various tasks autonomously and continuously. Common examples of cryptocurrency daemons include Bitcoin Core for the Bitcoin network, Geth for the Ethereum network, and bitcoind for the Bitcoin network.

In summary, a daemon in the crypto world is a software program responsible for supporting the operations and functionality of a blockchain network by running continuously in the background and providing essential services.