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CH02::mining: clarify what security miners provide re: valid txes

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David A. Harding 2023-02-04 17:18:49 -10:00
parent 08c1b635a1
commit 2612342b9e
1 changed files with 7 additions and 5 deletions
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@ -529,12 +529,14 @@ computation to verify as correct.
The mining process serves two purposes in bitcoin:
* ((("mining and consensus", "consensus rules", "security provided
by")))((("consensus", see="mining and consensus")))Mining nodes validate
all transactions by reference to bitcoin's _consensus rules_. Therefore,
mining provides security for bitcoin transactions by rejecting invalid
or malformed transactions.
by")))((("consensus", see="mining and consensus")))Miners can only
receive honest income from creating blocks that follow all of Bitcoin's
_consensus rules_. Therefore, miners are normally incentivized to
only include valid transactions in their blocks and the blocks they
build upon. This allows users to optionally trust that any transaction
in a block is a valid transaction.
* Mining creates new bitcoin in each block, almost like a central bank
* Mining currently creates new bitcoin in each block, almost like a central bank
printing new money. The amount of bitcoin created per block is limited
and diminishes with time, following a fixed issuance schedule.