How do bitcoin nodes and miners contribute to the functioning of the cryptocurrency network?

1 answers

• Dec 17, 2021 · 3 years ago
  Bitcoin nodes and miners are essential for the functioning of the cryptocurrency network. Nodes help maintain the decentralization and transparency of the network by validating and relaying transactions. They ensure that every transaction follows the rules and consensus of the network, making it difficult for any single entity to control or manipulate the system. Miners, on the other hand, contribute to the security and immutability of the network. By solving complex mathematical problems, miners add new blocks to the blockchain and prevent tampering or double-spending of bitcoins. They also play a crucial role in the issuance of new bitcoins, ensuring a controlled and predictable supply. Overall, both nodes and miners work together to create a robust and trustworthy cryptocurrency network.
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