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Title: How does the Bitcoin Node work? Post by: finales on April 05, 2017, 08:20:48 PM Does the server you deploy the full Bitcoin client on listen for all world transactions that would be made?
Title: Re: How does the Bitcoin Node work? Post by: MegaDice on April 05, 2017, 10:52:40 PM Does the server you deploy the full Bitcoin client on listen for all world transactions that would be made? Transactions are broadcasted through the network and will eventually reach your full bitcoin node. Your node will then help with bradcasting transactions further. The same applies with Blocks. Title: Re: How does the Bitcoin Node work? Post by: finales on April 05, 2017, 11:52:13 PM Ok so as an example, if the chain of blocks that my node receives eventually reaches a later node that received a different small chain of blocks, it would choose the longer one to relay down?
Title: Re: How does the Bitcoin Node work? Post by: achow101 on April 06, 2017, 12:27:58 AM Ok so as an example, if the chain of blocks that my node receives eventually reaches a later node that received a different small chain of blocks, it would choose the longer one to relay down? Yes. If by longer you mean has more total work (that is the definition of a longer blockchain), then the other node, once it received the longer chain, would switch to using your longer blockchain so long as it still met all of the consensus rules that that other node is following.Title: Re: How does the Bitcoin Node work? Post by: Mike Mayor on April 08, 2017, 04:05:07 PM Does the server you deploy the full Bitcoin client on listen for all world transactions that would be made? Transactions are broadcasted through the network and will eventually reach your full bitcoin node. Your node will then help with bradcasting transactions further. The same applies with Blocks. How do you work out how much a nose costs to run and how do you profit off of one ? If you are running a nose how do you work out your profits ? Is running one large nice better then a few small ones ? Always wanted to know this. If running a node is worth it. |