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Topic: We are finding millions of blocks but why ? (Read 1303 times)

legendary
Activity: 1778
Merit: 1043
#Free market
October 07, 2014, 03:18:46 PM
#4
Because Bitcoin is a cryptoconcurrency and to function it needs blocks in which it can pack transactions to verify them and to keep the blockchain moving.
If people don't mine the chain stops.*

and bitcoin will dead , if no one mine  the TX will not confirmed and this is equal to the dead of the first crypto-coin (bitcoin).
hero member
Activity: 812
Merit: 1000
I <3 VW Beetles
October 07, 2014, 03:15:12 PM
#3
Because Bitcoin is a cryptoconcurrency and to function it needs blocks in which it can pack transactions to verify them and to keep the blockchain moving.
If people don't mine the chain stops.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
member
Activity: 99
Merit: 10
October 07, 2014, 09:01:21 AM
#1
Why the cost of those blocks are so high ? Why we are creating those blocks ? What they are going to do with them ?
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