Bitcoin can provide financial services to those without banks.
β Satoshi Nakamoto
Nodes reject invalid transactions to maintain network integrity.
β Satoshi Nakamoto
If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.
β Satoshi Nakamoto
Bitcoinβs decentralized design removes single points of failure.
β Satoshi Nakamoto
A blockchain fork happens when two miners solve a block at nearly the same time.
β Satoshi Nakamoto
The system rewards nodes that follow the rules and punishes cheating.
β Satoshi Nakamoto
Transaction fees incentivize miners as the block reward decreases.
β Satoshi Nakamoto
The system is designed to be robust even if some nodes act maliciously.
β Satoshi Nakamoto
The software incentivizes miners to follow the protocol by rewarding them with new coins and transaction fees.
β Satoshi Nakamoto
New coins are generated at a decreasing rate, and eventually the total number of coins will reach a limit of 21 million.
β Satoshi Nakamoto
