It was in the FAQ.
https://en.bitcoin.it/wiki/FAQ#If_no_more_coins_are_going_to_be_generated,_will_more_blocks_be_created?
Topic: Transactions after last block has been generated (Read 857 times)
Hi there,
this might be a fairly stupid question but I was not able to read this info out of the wiki (or I've looked in the wrong places).
From my understanding every transaction needs a new block to be included into. With this block the transaction is broadcasted through the network and thus verified.
At one certain time however (~20 years ahead) all blocks will be mined out. How are new transactions processed/verified then, if there is no new block to include them to?
Would be great if somebody could point me to the right directon!
Thanks!
this might be a fairly stupid question but I was not able to read this info out of the wiki (or I've looked in the wrong places).
From my understanding every transaction needs a new block to be included into. With this block the transaction is broadcasted through the network and thus verified.
At one certain time however (~20 years ahead) all blocks will be mined out. How are new transactions processed/verified then, if there is no new block to include them to?
Would be great if somebody could point me to the right directon!
Thanks!
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