FruitsBasket (OP)
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November 22, 2015, 09:39:23 PM |
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How is bitcoin hosted, like on a server? I dont get it I think. And what is the main blockchain, that stores transactions?
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fck@dt-alwayzz_newbz
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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unamis76
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November 22, 2015, 09:46:46 PM |
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Bitcoin is "hosted" wherever there is a full node completely synced. There is no "main" blockchain, there's only one blockchain.
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jaberwock
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November 22, 2015, 09:49:01 PM |
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It is a p2P system, there is no a central server where the blockchain is hosted. It is hosted nowhere and everywhere, in some sense.
I suggest you take a look in the p2p systems like torrents, so you will understand better
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FruitsBasket (OP)
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November 22, 2015, 09:52:50 PM |
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Thanks for the replies! I understand it now a bit more, I will look on youtube some tutorials sbout the technology behind it, it is really interesting I think.
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fck@dt-alwayzz_newbz
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Pattart
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November 22, 2015, 09:53:25 PM |
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Thanks for the replies! I understand it now a bit more, I will look on youtube some tutorials sbout the technology behind it, it is really interesting I think.
I think you should start with Satoshi's whitepaper at https://bitcoin.org/bitcoin.pdf |
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meono
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November 22, 2015, 10:46:48 PM |
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Did you just buy this account? WTF?  |
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franky1
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November 22, 2015, 10:47:48 PM |
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it seems a noob, signed up to a signature campaign, wrote a few hundred posts on this forum........ before even knowing the basics of what bitcoin is..
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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FruitsBasket (OP)
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November 22, 2015, 10:48:13 PM |
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Did you just buy this account? WTF? No, I am just new to these fact about bitcoin, I saw it as a kind of paypal. But clearly the technology goes deeper and it is best secure of all things on earth  |
fck@dt-alwayzz_newbz
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Hellacopter
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November 22, 2015, 10:50:24 PM |
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Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.
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meono
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November 22, 2015, 10:51:03 PM |
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Did you just buy this account? WTF? No, I am just new to these fact about bitcoin, I saw it as a kind of paypal. But clearly the technology goes deeper and it is best secure of all things on earth So it takes you 8 months to ask this question? and never cared to look for it yourself? Yup exactly proves my point in other thread, |
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FruitsBasket (OP)
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November 22, 2015, 10:53:29 PM |
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Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.
I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now. |
fck@dt-alwayzz_newbz
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virtualx
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November 22, 2015, 11:07:15 PM |
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Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.
I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now. It is "hosted" by many nodes in the bitcoin p2p network. Those nodes are full bitcoin nodes, meaning they hold a copy of the entire blockchain. The bitcoin blockchain contains all transactions of the network ever since Satoshi. New transactoins are included in blocks. Blocks are connected to eachother, hence the name blockchain. The blockchain is simply a large database. You can download the blockchain using Armory, bitcoind and other full bitcoin clients. |
...loteo...
DIGITAL ERA LOTTERY | ║
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| r | | ║
║
║ | RPLAY NOWR
BE A MOON VISITOR! |
[/center] |
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FruitsBasket (OP)
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Activity: 1232
Merit: 1017
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November 22, 2015, 11:10:31 PM |
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Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.
I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now. It is "hosted" by many nodes in the bitcoin p2p network. Those nodes are full bitcoin nodes, meaning they hold a copy of the entire blockchain. The bitcoin blockchain contains all transactions of the network ever since Satoshi. New transactoins are included in blocks. Blocks are connected to eachother, hence the name blockchain. The blockchain is simply a large database. You can download the blockchain using Armory, bitcoind and other full bitcoin clients. Thank you for the clear explanation of how the technology is behind btc. I am going to lock the thread, my questions are answered. |
fck@dt-alwayzz_newbz
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