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WHO SETS THE CONSENSUS RULES IN BITCOIN?What would happen if someone modified Bitcoin’s software to allow more bitcoins to be created than authorized?
They could get their own computer to accept that modification, but that doesn’t mean the other computers on the network have to recognize it....
And here we come to one of Bitcoin’s most important foundations: THE CONSENSUS RULES.
But what exactly are they?
The consensus rules are the set of conditions that determine which transactions and blocks are valid within Bitcoin.
WHO SETS THE CONSENSUS RULES IN BITCOIN?
What would happen if someone modified Bitcoin’s software to allow more bitcoins to be created than authorized?
They could get their own computer to accept that modification, but that doesn’t mean the other computers on the network have to recognize it....
And here we come to one of Bitcoin’s most important foundations: THE CONSENSUS RULES.
But what exactly are they?
The consensus rules are the set of conditions that determine which transactions and blocks are valid within Bitcoin.
They could get their own computer to accept that modification, but that doesn’t mean the other computers on the network have to recognize it....
And here we come to one of Bitcoin’s most important foundations: THE CONSENSUS RULES.
But what exactly are they?
The consensus rules are the set of conditions that determine which transactions and blocks are valid within Bitcoin.
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