I have read the wiki page and I would like some further and more technical(if possible) confirmation for a few things. A bitcoin node is a user which is connected to the network through a client. This node can perform transactions, try to build a block inside a mining pool, or just exist in the network. Are there any further actions for a node? If a node exists inside the network how can he verify the transactions? Furthermore is there a paper or something that explains things in a lower level of how exactly the system works in case of transactions and mining? I do not want a description but something more technical.
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A bitcoin node is a user which is connected to the network through a client. This node can perform transactions, try to build a block inside a mining pool, or just exist in the network. Are there any further actions for a node?
Nodes also relay blocks and transactions to other nodes. They also validate incoming blocks and transactions and keep track of the current, longest valid blockchain. That's pretty much it.
If a node exists inside the network how can he verify the transactions?
There are a set of mathematical rules that determine if transactions are valid. The nodes check the transactions against those rules. If they meet the rules, they are valid.
Furthermore is there a paper or something that explains things in a lower level of how exactly the system works in case of transactions and mining? I do not want a description but something more technical.
Almost every question you can think of is answered, in technical detail, somewhere in the Bitcoin wiki.
answered Jan 5 '14 at 3:04
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I am seeking more information about how transactions / blocks are relayed and how they are validated. Can you point me to some reference in the wiki or to some other point? Jan 5 '14 at 14:19
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