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We are finding millions of blocks but why ?
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Topic: We are finding millions of blocks but why ? (Read 1295 times)
dorhug121
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We are finding millions of blocks but why ?
October 07, 2014, 02:01:21 PM
#1
Why the cost of those blocks are so high ? Why we are creating those blocks ? What they are going to do with them ?
BurtW
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Re: We are finding millions of blocks but why ?
October 07, 2014, 04:06:12 PM
#2
Start here:
https://bitcoin.org/en/how-it-works
Our family was terrorized by Homeland Security. Read all about it here:
http://www.jmwagner.com/
and
http://www.burtw.com/
Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
kuusj98
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Re: We are finding millions of blocks but why ?
October 07, 2014, 08:15:12 PM
#3
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.
redsn0w
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Re: We are finding millions of blocks but why ?
October 07, 2014, 08:18:46 PM
#4
Quote from: 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.*
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).
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