I am totally ignorant on this topic. Could someone explain the mechanisms that support our network/decentralized p2p exchanges in general?
How do MinCoin network nodes work?
Posted 05 January 2014 - 04:13 PM
Basically every wallet client is a node, so every client running is a node (mining from it or not) and works to receive a transaction that has been submitted at point A and then broadcasts that transaction to other nodes so they then continue to verify it by searching the blockchain to find where all of those coins came from then they say its good and they don't broadcast to the network that they don't like that transaction.
Here is a link to more info if you are that keen http://www.impondera...under-hood.html
- Benjamin Franklin
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