Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers. An impenetrable fortress of validation.
Because it deserves an episode of its own, today we read @StopandDecrypt's excellent breakdown of the Bitcoin network and the critical importance of fully validating nodes. Originally an excerpt from a much longer article covered on the show, "Sharding Centralizes Ethereum."
Drop some major applause on the original article below and don't forget to explore the graphics for some amazing visualizations of the concepts discussed:
https://medium.com/hackernoon/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b
Support the show and help me turn every amazing work of written content on Bitcoin and the Cryptoconomy into audio by becoming a patron!
https://www.patreon.com/thecryptoconomy
What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have...
"The cypherpunk principle that 'cypherpunks write code' takes on revolutionary meaning when writing code no longer requires programming knowledge. Eric Hughes meant that political...
"...This purpose flounders, however, if their own evangelists and the community at large fails to lay the groundwork and impetus to push ever deeper....