Post
Topic
Board Beginners & Help
Re: Why is Bitcoin wallet client peer sync so slow
by
Devious
on 27/10/2012, 00:52:25 UTC
Thanks!  That's a great way of explaining it.


I guess I would think after a transaction has been verified x times it wouldn't need to be verified by EVERY other client.  I'm sure I'm just not understanding something...

Clients don't verify transactions, Miners include them in a block.

Basically you transaction gets only confirmed 1 Time. After that it counts only the numbers of blocks over the block that confirmed your transaction.

The reason for this is, that the client counts always the longest string of blocks in existence as valid, so which each block more it becomes harder to override your transaction.

This was the easiest way I could explain it.

Edit: That should explain it:

http://spectrum.ieee.org/img/06Bitcoin-1338412974774.jpg