Post
Topic
Board Development & Technical Discussion
Merits 2 from 2 users
Topic OP
Any other stimulus that comes to Bitcoin Nodes?
by
Cookdata
on 22/10/2021, 21:22:44 UTC
⭐ Merited by ETFbitcoin (1) ,BlackHatCoiner (1)
I've been studying Bitcoin anatomy, and I'm particularly interested in the Bitcoin network's exceptional privacy and decentralization. I'm curious to learn if there are any other benefits to being a node on the bitcoin network for confirming transactions.

I'm quite aware that bitcoin transaction is been made and confirm in this manner:

[A] Transaction is signed in the wallet the rightful owner.

[B.] The wallet broadcasted the transaction to the memory pool.

[C] Miners chooses the transaction to be process from the pool ( due to difference in fee that comes with every transactions).

[D] Miners find the Nonce that complete the hash output after which the miners is eligible to take the fee and block reward.

[E] Nodes will verify the transaction and add the new block to the existing blockchain history.

[A]  >>  [B.] >>  [C]   >> [D]  >>  [E]

And in other to be a node, ones device must be up 24/7 with available internet and stable power, it doesn't appear to be like a mining but can be tasking to some that's why I want to know if there are more incentives I don't know.