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Title: [2015-11-23] How a BTC Backbone Gives Small Miners a Leg Up - Relay Network Post by: LiteCoinGuy on November 23, 2015, 10:20:39 AM How a Bitcoin Backbone Gives Small Miners a Leg Up: Matt Corrallo's Relay Network
Bitcoin is designed as a peer-to-peer network, where nodes randomly connect to other nodes. Transactions and blocks are transmitted over this network by these nodes, until each node receives all the latest transactions and blocks. This works quite well, as the distributed model makes Bitcoin relatively censorship-resistant; there is no central point of control to shut down or pressure into compliance. https://bitcoinmagazine.com/articles/how-a-bitcoin-backbone-gives-small-miners-a-leg-up-matt-corrallo-s-relay-network-1447961203 |