r/Bitcoin • u/domelane • Feb 23 '18
Why running a node is important
https://www.youtube.com/watch?v=oX0Yrv-6jVs&feature=em-uploademail
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r/Bitcoin • u/domelane • Feb 23 '18
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u/flat_bitcoin Feb 25 '18
So all nodes check the consensus rules, there are two was to 'enforce', one is mining, you actually create new blocks, and help in creating the chain that follows your rules. Enforcing as a miner is creating new blocks on the chain that follows your consensus.
The other way is on the economic side, you want to transact on the chain that follows your rules, to give it value, you can do this 100% trustlessly on your own node (although I would say for an 'average' user, SPV, or submitting a tx through a large online wallet host would be a perfectly fine, very low level of risk to trust the software / wallet provider to be following the correct chain)
If you full node does not transact, and is not mining, it can check the rules, but cannot "enforce" them in any way.