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It's the non-mining nodes that verify transactions and have the final say, and those can be run on home devices by regular people. That's the difference.
by izolate 5y ago
It's the non-mining nodes that verify transactions and have the final say, and those can be run on home devices by regular people. That's the difference.
- ses1984 5y agoNon mining nodes do diddly squat.
- inter_netuser 5y agoNonsense. If miners's new block isnt accepted by the network - they've just lost millions. Rules are enforced by block verification of the nodes that accept - or refuse to accept mined blocks. It's amazing that in 2021 people still do not understand the basics of it.
- zapdrive 5y agoNon mining nodes are programmed to follow the longest chain. That's so they are: readers. They are not writers. They act like slave nodes in a database. They have insignificant power in the grand scheme of things.
- nlitened 5y agoLongest _valid_ chain. Invalid blocks are just ignored.
- ses1984 5y agoThat’s what miners do as well.
- nlitened 5y agoYes. I just wanted to emphasize that in PoW coins, a rogue miner cannot force the whole network to accept blocks because all network participants (even passive non-miners) will just ignore the "invalid" block.
- ses1984 5y agoNo, but if all the miners fork from all the non mining nodes, the chain with all the miners will be more secure. If a minority of miners side with the non mining nodes, that chain will be more vulnerable to disruption.
- inter_netuser 5y agoWould you hire a security company again, if they refused to protect you when the push comes to shove? That's all miners are. Mercenaries hired for 10 minutes at a time.
- ses1984 5y agoYeah exactly. Not sure if you realize the implication of what happens if you arm a bunch of mercenaries and then fire them and turn your backs on them.
- inter_netuser 5y agoThis has already played out. The breakaway hostile fork is now worth 2 percent of the original work. So..nothing?
- ses1984 5y agoI’m pretty sure that shows that miners follow the money. They will mine whatever chain where they can sell the block reward to the highest bidder. Anyway I don’t think reality is as simple as your last comment suggests. There was a lot going on at the time including a lot of misinformation.