AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Bitcoin Design: Miners as Network Protectors
This chapter explores the role of miners in Bitcoin's design as a spam filter for the network, discussing their importance in protecting the system from attacks. It touches on the concept of spam within Bitcoin, the monetary aspects of mining, and the challenges faced by the network due to attackers aiming to disrupt its functioning. The conversation also highlights the significance of individual control through running a full node and ways to support Bitcoin's decentralization beyond mining.