MountFujiMystic
Thu Aug 29 2024
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5 answers
915
How the bitcoin network depends on a set of rules?
Could you please elaborate on how the Bitcoin network relies heavily on a predefined set of rules to maintain its integrity and functionality? Specifically, how do these rules govern transactions, mining, and the issuance of new coins? Also, how are these rules enforced, and what consequences do users face if they violate them? Lastly, what is the role of consensus mechanisms in ensuring that all participants adhere to these rules?
