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Title: We are finding millions of blocks but why ? Post by: dorhug121 on October 07, 2014, 02:01:21 PM Why the cost of those blocks are so high ? Why we are creating those blocks ? What they are going to do with them ?
Title: Re: We are finding millions of blocks but why ? Post by: BurtW on October 07, 2014, 04:06:12 PM Start here: https://bitcoin.org/en/how-it-works
Title: Re: We are finding millions of blocks but why ? Post by: kuusj98 on October 07, 2014, 08:15:12 PM 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. Title: Re: We are finding millions of blocks but why ? Post by: redsn0w on October 07, 2014, 08:18:46 PM 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). |