On this video, I clarify what the Bitcoin blockchain is, in addition to what Bitcoin miners and Bitcoin full nodes do.
The Bitcoin blockchain is solely a sequence of blocks, strung collectively. A brand new block is created roughly each 10 minutes, and every block comprises 1000’s of Bitcoin transactions.
Bitcoin miners are specialised computer systems that compete with one another to unravel a math puzzle. Whichever pc solves the puzzle first will get to create the brand new block and will get paid 6.25 new Bitcoins plus a transaction payment.
Bitcoin full nodes are computer systems which are operating the Bitcoin software program. A full node will include a full copy of the Bitcoin blockchain. Full nodes speak to one another, confirm transactions, and guarantee that nothing fishy is occurring on the Bitcoin community. Anybody with an excellent web connection and a pc can run a full node out of their home.
Not funding recommendation! Seek the advice of a monetary adviser.
The Bitcoin blockchain:
A pleasant visualization of latest blocks being added to the Bitcoin blockchain:
Map of Bitcoin nodes:
The way to run a Bitcoin full node:
Bitcoin core software program:
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