• CAN MINERS TAKE OVER THE BITCOIN NETWORK? - Episode 14

  • Mar 15 2021
  • Length: 30 mins
  • Podcast

CAN MINERS TAKE OVER THE BITCOIN NETWORK? - Episode 14

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  • Summary

  • In this episode we answer the following

    1. Can more miners get together and solve the puzzle faster than 10mins?
    2. Why not make the size of each block in the bitcoin blockchain bigger to make the transactions faster?
    3. What if some countries ban mining? What are the implications?
    4. How does bitcoin gets updated and maintained since it's decentralized and open source?
    5. As mining gets more expensive, would it cause centralization eventually?
    6. As mining gets more expensive wouldn't only a handful of people get newly minted bitcoin?
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