Questions on: protocol - страница 7

Jesse asks: What will happen when the earth’s magnetic field switches? The Earth’s magnetic field protects life on Earth, shielding it from damaging radiation and moderating our climate. So the idea that it could completely flip around, or collapse a
When developing Bitcoin, Satoshi had already come with the idea that no more than 21 million of them will ever be made. However, there was an unsolved issue: how to accomodate all bitcoins in case it was actually used as a worldwide currency? Compari
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The magic number is not something specific to bitcoin. Magic numbers are used in computer science for both files and protocols. They identify the type of the file/data structure
[Note: This page is seriously outdated and largely unmaintained; due to past incidents of edit-warring it has not been subject to much peer review. ] A Bitcoin full node could be modified to scale to much higher transaction rates than are seen today,
The direct effects of the netsplit Miners in both the European network and the American network will continue to find blocks and validate transactions in their respective network part. However, until the difficulty will be adjusted, the validation wi
The theory that the power to control the Bitcoin protocol is held by those able and willing to offer things of value for bitcoins (be it goods, services or other currencies). As long as mining is conducted for economic gain, then any change adopted b
The easiest way to introduce changes to Bitcoin is almost certainly through creation of an alternative currency with a new name. This has been done already quite a number of times, such as with: Litecoin, probably the most successful alternative, whi
When you use your debit card to make a purchase, the merchant will request an authorization—in other words, an approval—for the transaction. An authorization confirms that your account is open and active and that there are enough funds available to c
Bitcoin uses double hashing almost everywhere it hashes in one of two variants: It seems like Satoshi chose Hash256 whenever collisions are a problem, and Hash160 when only (multi target) second pre-images matter. This is consistent with a goal of ac