|
|
|
@ -521,9 +521,11 @@ network. It does not become part of the _blockchain_ until it is
|
|
|
|
|
verified and included in a block by a process called _mining_. See
|
|
|
|
|
<<mining>> for a detailed explanation.
|
|
|
|
|
|
|
|
|
|
The Bitcoin system of trust is based on computation. Transactions are
|
|
|
|
|
bundled into _blocks_, which require an enormous amount of computation
|
|
|
|
|
to prove, but only a small amount of computation to verify as proven.
|
|
|
|
|
The Bitcoin system of counterfeit protection is based on computation.
|
|
|
|
|
Transactions are bundled into _blocks_. Blocks have a very small header
|
|
|
|
|
that must be formed in a very specific way, requiring an enormous
|
|
|
|
|
amount of computation to get right--but only a small amount of
|
|
|
|
|
computation to verify as correct.
|
|
|
|
|
The mining process serves two purposes in bitcoin:
|
|
|
|
|
|
|
|
|
|
* ((("mining and consensus", "consensus rules", "security provided
|
|
|
|
|