Row 49329

Row ID: 49329 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 49329 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

So let's look at it from the perspective of a single node (server but not a miner if you will) on the network. Let's say this node receives enough valid blocks and the time between as far as the node reckons with its own clock is 5 minutes. Great, after a certain time our node inquestion says to its self 'the blocks need a higher difficulty!! Their coming in to fast!' So now our node will reject blocks that don't have the requisite higher  difficulty. Now we have thousands of these nodes all talking to each other and changing this information and if enough modes agree with what is going on, then the network as a whole had made a decision about it. If just our one node for example is out there trying to adjust the difficulty but thr rest of the the network doesn't agree, then that node is essentially 'cut off' from the network untill it behaves.

This is a very oversimplified version in the extreme but illustrates the basic idea of the bitcoin networks consensus mechanisms.

FieldValue
text So let's look at it from the perspective of a single node (server but not a miner if you will) on the network. Let's say this node receives enough valid blocks and the time between as far as the node reckons with its own clock is 5 minutes. Great, after a certain time our node inquestion says to its self 'the blocks need a higher difficulty!! Their coming in to fast!' So now our node will reject blocks that don't have the requisite higher  difficulty. Now we have thousands of these nodes all tal…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1SUDZSNUx4YWZteXJpZmxxS0RqbldOQ0NvY0taYmhEOUxGN3ZjMzdlTWo5anJVTUF2d0lSaUtZOWFIY292LU50TEkzS3RUZXhFdm5idHhxNkZGYTdqVlE9PQ==
url_encoded Z0FBQUFBQm5Lak9odEVUekt2WjBtWlRLaW1GY2tpb0ltN0ZmTHNodGZscGhRZEstTXV6dW5XbldkRjhtYmczcWRlRll2R084U1VuOWtpeDY1QmJYdGtjdHVIejJQb2hoOXcwMzdoUDVLTlJmeFBQc2tzdXlCY3dqTGlPSDNJa3BtOGFPeVgta3F6a2Jzb1VBVmZVQW5GeTlnNkYzRHVWNi1zM0R4dTVxSUZtcTM5SXFOdGc0Rk9WNHVobUdxck1ScXRvQ1NseEhPSmpVNUF4Sm1DaVB2VW90UDBQeV9Eb3M5UT09

Raw Record

{
  "text": "So let's look at it from the perspective of a single node (server but not a miner if you will) on the network. Let's say this node receives enough valid blocks and the time between as far as the node reckons with its own clock is 5 minutes. Great, after a certain time our node inquestion says to its self 'the blocks need a higher difficulty!! Their coming in to fast!' So now our node will reject blocks that don't have the requisite higher  difficulty. Now we have thousands of these nodes all talking to each other and changing this information and if enough modes agree with what is going on, then the network as a whole had made a decision about it. If just our one node for example is out there trying to adjust the difficulty but thr rest of the the network doesn't agree, then that node is essentially 'cut off' from the network untill it behaves.\n\n\n\n\nThis is a very oversimplified version in the extreme but illustrates the basic idea of the bitcoin networks consensus mechanisms.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1SUDZSNUx4YWZteXJpZmxxS0RqbldOQ0NvY0taYmhEOUxGN3ZjMzdlTWo5anJVTUF2d0lSaUtZOWFIY292LU50TEkzS3RUZXhFdm5idHhxNkZGYTdqVlE9PQ==",
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}

Entry Information