Bitcoin Nodes actions

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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.

angel limneos

Posted 2014-01-04T23:24:15.950

Reputation: 331

Answers

1

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.

David Schwartz

Posted 2014-01-04T23:24:15.950

Reputation: 46 931

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?angel limneos 2014-01-05T14:19:00.993

@angellimneos Start with the whitepaper.

David Schwartz 2014-01-05T18:44:04.783