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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

How Miner Works???

BY: @snofkin | CREATED: April 12, 2018, 2:30 p.m. | VOTES: 36 | PAYOUT: $3.59 | [ VOTE ]

Do you know how #miner ’s create #coins and confirm transactions? You don’t? Well ...Check it out! 👊🏽😉
[IMAGE: https://steemitimages.com/DQmY5ZPi7dFFhaz5fqtExSfG9nKRCXapD7RBtmFaLPCHFuN/30698303_1224224814377915_7411891394182119424_n.jpg]

TAGS: [ #mining ] [ #crypto ] [ #bitcoin ] [ #block ] [ #blockchain ]

Replies

@mtl1979 | April 12, 2018, 5:31 p.m. | Votes: 2 | [ VOTE ]

The supply is determined by the coin creator... Network isn't actually completely decentralized as most coins have at least two seed nodes that makes it possible for all other nodes to find each other. Seed nodes contain identical copies of blockchain and all other nodes must agree to that version of blockchain or there will be a fork consisting of one or more alternative chains.

@oscarblue04 | April 14, 2018, 11:29 a.m. | Votes: 0 | [ VOTE ]

Interesting, do you have any reference to this bit of information?

@mtl1979 | April 14, 2018, 11:58 a.m. | Votes: 1 | [ VOTE ]

https://github.com/forknote/forknote/blob/master/README.md

@oscarblue04 | April 14, 2018, 11:37 a.m. | Votes: 1 | [ VOTE ]

With that final description I'd have to modify it slightly to mention that the "Cryptocurrency" is not stored or created on the blockchain, oh wait, I guess it is "stored" as your wallet is basically the private and public key pair that determines or references the said blockchain to evaluate how much currency you have from the blockchain. As with "created", I'd say the blockchain has the record of creation, but does not itself created it, the block rewards are what actually creates it that gets recorded on the blockchain.

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