|
Title: Blocks and Transactions Post by: romanticon on November 11, 2011, 07:50:37 PM Hi,
Is it correct to say that the old blocks never change, all new transaction are included in the new mined blocks. In that case what is going to happen when the mining will stop ? Thanks in advance. Title: Re: Blocks and Transactions Post by: DeathAndTaxes on November 11, 2011, 07:59:52 PM Mining never stops. Block rewards will eventually stop. Block rewards are merely a subsidy to compensate for low transaction volume. As the subsidy is reduced to zero fees will need to replace that.
Blocks are unlikely to change and the deeper a block is in the chain the less likely it is to be changed. Title: Re: Blocks and Transactions Post by: Red Emerald on November 11, 2011, 08:00:44 PM Old blocks never change. Thats the point of them.
https://en.bitcoin.it/wiki/Block_Chain When mining stops, no one's transactions are confirmed and bitcoin dies. Hopefully that doesn't happen. If it does happen, hopefully it is because we moved to a better fork. Title: Re: Blocks and Transactions Post by: romanticon on November 11, 2011, 08:07:47 PM thanks
|