Post
Topic
Board Beginners & Help
Re: Why the blockchain and mining are unnecessary
by
DannyHamilton
on 17/03/2016, 14:04:19 UTC
The rule that transactions should cancel each other and destroy the parent UTXO only applies before one of them has been accepted by a majority of the network.

How do I know when a transaction "has been accepted by a majority of the network"?  What is the specific technical process that allows me to know exactly when that has happened?