[ASK] question About Bitcoin - page 2.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

Quote from: Gewinnermorte on March 24, 2019, 02:52:26 AM

Hey Guys

, I Have Some question About Bitcoin

1.If There Is Any Hardfork, Who Must Agree? The Miner Or The Nodes?

All participants of the network, the miners just keep the chains alive. A hardfork create a permanent fork or split in the blockchain resulting to two chains and the old & new chains needs enough support from miners for them to continue existing.

Quote

2.What Is The Benefit Of Having A Lot Of Full Node(For The Network)?

Helps the network to grow by accepting more transaction and also validating those transactions. It helps the network stay decentralized.

PS: I strongly believe you should move this discussion to the technical discussion board as you'll get better explanation from members there.

jademaxsuy

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Merit: 221

I'm no expert in bitcoin and I research information to learn step by step. Since you are asking about here is the information I found about the block 501726 and it seems there are people who experienced weird mining activity, here's the link with different answers from different people
https://www.reddit.com/r/btc/comments/7n1udq/block_501726_can_anyone_explain_why_it_happen/
https://motls.blogspot.com/2017/12/bitcoin-block-without-valid-miner-fee.html?m=1
https://bitcoin.stackexchange.com/questions/67009/can-someone-explain-this-weird-mining-activity

Quote from: Gewinnermorte on March 24, 2019, 02:52:26 AM

2.What Is The Benefit Of Having A Lot Of Full Node(For The Network)?

The benefit of having full node is that you can monitor the health of bitcoin's blockchain and also it will ensuring safety of investment and ensure valid and accurate transactions of trading bitcoin.

Gewinnermorte

jr. member

Activity: 32

Merit: 28

Sidechain > Altcoin

Hey Guys

, I Have Some question About Bitcoin

1.If There Is Any Hardfork, Who Must Agree? The Miner Or The Nodes?

2.What Is The Benefit Of Having A Lot Of Full Node(For The Network)?

3.Is The Decentralization Depends On Hashrate Spread Or The Nodes Count?

4.When Node Are Verifying A Block, Is it verifying (Checking For Double-Spend) it From The Whole Blockchain? If That Right, Is That Mean The Node Requirement Will Be Higher In The Future?

5.Why Did Block 501726 Has Zero Block Reward?

Thanks

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