Cryptocurrency Q&A
What is the difference between a bitcoin node and a miner node?
What is the difference between a bitcoin node and a miner node?
Chiara
Wed Jul 10 2024
|
6 answers
1876
Could you elaborate on the distinction between a Bitcoin node and a miner node? I've heard both terms in relation to cryptocurrency, but I'm not quite sure how they differ. I understand that a bitcoin node is a computer connected to the blockchain network that helps validate transactions and propagate blocks, but what role does a miner node play? Does it have additional responsibilities beyond that of a regular node? Also, is there any overlap between these two, or are they entirely distinct concepts? Thank you for clarifying.
6 answers
Tommaso
Fri Jul 12 2024
In contrast, miner nodes play a distinct role in the Bitcoin network. They employ specialized mining hardware to tackle intricate mathematical problems.
Was this helpful?
222
67
TaegeukChampionship
Fri Jul 12 2024
The Bitcoin network is designed in a decentralized manner, meaning that no single entity, including miners, can unilaterally dictate the flow of transactions or modify the blockchain.
Was this helpful?
334
20
CryptoPioneer
Fri Jul 12 2024
These challenges, often referred to as 'proof of work,' are necessary for the creation of a new block in the blockchain.
Was this helpful?
383
42
Tommaso
Fri Jul 12 2024
Once a miner successfully solves the problem, they are rewarded with a certain amount of Bitcoin and have the privilege to upload new transactions into the newly formed block.
Was this helpful?
332
89
Elena
Fri Jul 12 2024
Despite the perception that miners wield significant power in the Bitcoin ecosystem, their authority is actually limited.
Was this helpful?
212
80
Load 5 more related questions
