Proof of Nodework (PoNW) - Making sense of everything Bitcoin
6 Reasons to Run a Bitcoin Full Node - Bitcoinist.com
How can I benefit by running a full Bitcoin node ...
Full node. All about cryptocurrency - BitcoinWiki
Bitcoin Incognito: Secure, fast and community-driven cryptocurrency
Bitcoin Incognito is a truly anonymous and fast cryptocurrency which sticks to the original standards of Bitcoin; keeping the user base incognito. By implementing Zerocoin Protocoand Proof-of-Stake technology we believe Bitcoin Incognito is the closest thing to Satoshi's vision since Bitcoin itself. Our goal and purpose is to provide a truly anonymous currency which helps users stay incognito in the cryptosphere.
We the founders of Bitseed, developers of bitcoin full node hardware. Our Assembly community uses colored coins to reward people who contribute to our open source projects. AMA!
Howdy bitcoiners :) We are: Jay Feldis jfeldis Konn Danley kdanley42 Mike Doty bitseedmike John Light lightcoin We started Bitseed to give people an easy way to host the blockchain infrastructure that makes bitcoin possible. To this end, we've developed dedicated “plug-and-play” bitcoin full node hardware that makes it as easy as possible for anyone with a decent Internet connection to run a full node from their home or office – just plug the device into power and a router, and it'll start working (minor configuration necessary if your router doesn't support UPnP). We have some exciting plans for our platform – as they say, “money is just the first app” of the blockchain – and we're working hard to make this not just a great product for bitcoiners, but for everyone on the Internet. To help us achieve our mission of supporting decentralization and open source, we've begun to open up our company and products to outside collaboration. We started a community on the Assembly platform so that people can contribute designs, code, marketing assets, product testing, and any other kind of valuable input that will help Bitseed grow into something much bigger than it is today. These contributions are tracked through Assembly using colored coins on the bitcoin blockchain, and when Bitseed earns revenues, we pay out a portion of the profits to our Assembly community – currently $1 per unit sold – which is then proportionally distributed as royalties to all of the people who have contributed and earned coins. This is our first step in what is sure to be a rewarding journey to help make open source development of p2p software sustainable. We'd love to hear your feedback about Bitseed and answer any questions you might have about our product, our company, and our Assembly community. AMA! Proof: https://twitter.com/BitseedOrg/status/601100705122881536
[uncensored-r/Bitcoin] IMO, running a full node this last week has been extremely rewarding and if you can, you should too.
The following post by ILIKEWHATUGOT is being replicated because the post has been silently greylisted(for 20.0 hours). (It was approved by the mods at: 2017-10-26T17:07:25.000Z) The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/78q1wq The original post's content was as follows:
To those who say most users should not have to run a full node, in the words of Fake Satoshi, "Fuck off". I've been learning so much more of the Bitcoin protocol, networking, and coding in general. I can't wait to make a career out of this someday. It's an amazing feel to see the nodes you connect while running your own node and to know you're helping enforce the rules you believe in.
08-24 21:42 - 'A better question to ask is "do we actually need tons of full nodes like some people claim?" / Imagine you wanted to change the incentive structure of bitcoin to divert some of the block reward to full nodes. There is actuall...' by /u/NiceHashWTF removed from /r/Bitcoin within 0-9min
''' A better question to ask is "do we actually need tons of full nodes like some people claim?" Imagine you wanted to change the incentive structure of bitcoin to divert some of the block reward to full nodes. There is actually no way to do this because one full node is sufficient to spoof 10,000 or 100,000 full nodes. Any sort of validation you require of a single full node to prove it is a full node (to get rewarded) can be passed along to the 10,000 or 100,000 fake nodes. What this tells you is that, economically, the value of one full node is approximately equal to the value of 100,000 full nodes. Part of why people have gotten confused and gone down a silly (blockstream) path on this question is because the original white paper by Satoshi talks about the importance of nodes, but there was no concept of a non-mining full node. It was the act of mining that provided the security, not the node part. The bitcoin community has suffered mightily under the weight of some people's delusions that we need tens of thousands of non-mining full nodes. There is absolutely no reason for such a thing. ''' Context Link Go1dfish undelete link unreddit undelete link Author: NiceHashWTF
08-13 11:47 - 'Dash is self funding, has a governance mechanism, and 4100+ full nodes. The block reward is divided up to aid with development in numerous areas. / Satoshi's master stroke was to give the block reward to miners. Satoshi's m...' by /u/Hinnom_TX removed from /r/Bitcoin within 748-753min
''' Dash is self funding, has a governance mechanism, and 4100+ full nodes. The block reward is divided up to aid with development in numerous areas. Satoshi's master stroke was to give the block reward to miners. Satoshi's mistake, which would have been difficult to foresee due to a slavish obedience to Arrow's Theorem, was to give 100% of the block reward to miners. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Hinnom_TX
in a message from 2015 or 16 during the big block debate an email that may or may not be satoshi published an article talking about among many things the need to financially incentive full nodes. what would be the potiental issues with having say 3% of the mining fee and reward going to full nodes on any network not just bitcoin
Estimates say there are about 10,000 full nodes on the network. There are about 300,000-350,000 transactions per day. Avg daily transaction fees have ranges from $1 to $5 in the last month approximately. This means approximately $300,000 to $1,750,000 are spent in fees each day. I was under the impression that these fees went to those who host full nodes to compensate them for keeping the network secure, but that would mean full nodes would pay out $30-$175 per day. This can't possibly be right. Can someone help me understand what I'm missing here?
Full nodes operation . Full nodes download every block and transaction and check them against Bitcoin's core consensus rules. For example, blocks may only create a certain number of bitcoins, transactions should have correct data format and signatures of bitcoins spent, a transaction output cannot be double-spent within a single blockchain, etc. . If a transaction or block violates the ... Overall, more Bitcoin nodes translate into a faster, more stable, and more decentralized network. To that end, we’ve compiled a list of 6 reasons to run a Bitcoin Full Node. 1) Helps the Network. Running your own full node is the only way to have full control and to ensure that all the rules of Bitcoin are being followed. Bitcoin Proof of Stake. Reward yourself with Bitcoin PoS. ... Full node wallet download. Bitcoin PoS takes everything you know and love about Bitcoin and makes it faster, more rewarding, and ready for real-life digital currency payments. Windows(zip) 64 bit 32 bit. Full node is a program that fully validates transactions and blocks. Almost all full nodes also help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes.. Most full nodes also serve lightweight clients by allowing them to transmit their transactions to the network and by notifying them ... Bitnodes ran a program to incentivize full node operators until the end of 2015. How to run a full node. If you run the Bitcoin Core/bitcoind wallet, you are running a full node. If you open port 8333, you will contribute to the network's capacity.
BITCOIN 💥Ready to Begin CAPITULATION? 💥 ️ LIVE Crypto Analysis TA & BTC Cryptocurrency Price News - Duration: 28:27. Crypto Kirby Trading 13,097 views New Running a full node is also more secure as it doesn’t need to check with a third-party that all the rules of Bitcoin are being followed – for instance, if someone tries to spend the same BTC ... Vite ecosystem has a lot to offer and multiple streams for generating returns. In this video I give an overview of the coin and ViteX decentralised exchange and also talk about staking, full nodes ... If you are holding Waves tokens, you will be able to lend them and recieve rewards from all the transactions of WavesfullNode. Our node will share a 80% of all the transactions Rewards. Node ... One of the students of the Blockchain and Bitcoin Fundamentals course asks "Who pays the bitcoin mining reward that gets paid out to the miners whenever they mine a new block for the Bitcoin ...