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CAN MINERS TAKE OVER THE BITCOIN NETWORK? - Episode 14
Manage episode 313559013 series 3270136
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In this episode we answer the following
- Can more miners get together and solve the puzzle faster than 10mins?
- Why not make the size of each block in the bitcoin blockchain bigger to make the transactions faster?
- What if some countries ban mining? What are the implications?
- How does bitcoin gets updated and maintained since it's decentralized and open source?
- As mining gets more expensive, would it cause centralization eventually?
- As mining gets more expensive wouldn't only a handful of people get newly minted bitcoin?
17 episod
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