Running a node gives you a vote on the protocol?

Reply to this note

Please Login to reply.

Discussion

Story for the dumb question I'm trying to learn #Bitcoin

Sorry*

Running a node which is running the current Bitcoin core version allows a relay of nodes to validate blocks and transactions, keeping a full copy of the updating timechain . All the nodes on the network help keep it more decentralised, the more the better. It enforces the current consensus rules and if there’s a fork it allows you to decide whether to follow the new fork or not. Also running a node allows you to verify transactions you send and receive

I follow most of that,

Not with details but enough to understand somewhat.

I was just curious to situations like forks who decides what stays and what changes.

Nodes decide which set of rules to follow and the miners decide which chain to mine. Bitcoin Cash is a hard fork of Bitcoin and as you can see from hindsight, nodes and miners mostly stayed on the main chain and didn’t go with the fork. If you hold bitcoin and stay on old rules you are awarded same amount of new forked coins so you could sell them and buy more of your chain’s sats so 🤙

I see.

In a way i voted to keep bitcoin the same by buying bitcoin not bitcoin cash then. I already fucked with bitcoin when we had that hard fork.

Thank you brother. I appreciate the feedback

I’m certainly no expert, glad it helped🤙…. Talk to people here and always make the effort to try and understand the issues, currently Drivechains for instance

Yes I'm definitely going to try to be more involved that's why i started erasing social media apps (Waste of energy) to focus more on bitcoin. I just dca sats but don't really get involved. I still don't know much about drive chains but i will always support buck at its core. Security over functionality