pull down to refresh

121 sats \ 1 reply \ @cointastical 24 Jun 2022 \ on: What happens if an entity operates a majority of Bitcoin nodes? bitcoin
My node protects me. It does not protect the network. It does not protect you.
Your node protects you.
Proof-of-work is what determines what my node will determine to be true. PoW is what eliminates a conflicting signal such that my node (and all nodes) can independently verify which transactions remain unspent (at least, those with a certain number of confirmations -- e.g., 6 confirmations).
write
preview
20 sats \ 0 replies \ @captain_stacks 25 Jun 2022 freebie
Yes, there seems to be a misconception that nodes vote on the rules. Fortunately, Bitcoin does not have governance.
reply