3 ms·
Unfortunately, that's not how it works. The "miners" are really "transaction settlers". It's the longest block chain that represents the globally consistent v
by caf 15y ago
Unfortunately, that's not how it works. The "miners" are really "transaction settlers". It's the longest block chain that represents the globally consistent view of which transactions have settled.
- iwwr 15y agoOK, that was an aspect I was unfamiliar with. So after the mining phase ends, transactions become zero-sum BTC games, where the biggest 'miners' accrue their proportional share of the total fees of transactions validated.