Bitcoin Backbone Helps Small Miners in Matt Corrallo’s Relay Network – Bitcoints

bitcoin

Published on November 20th, 2015 | by bitcoin

0

Bitcoin Backbone Helps Small Miners in Matt Corrallo’s Relay Network

Bitcoin Backbone Helps Small Miners in Matt Corrallo’s Relay NetworkThe best known of these is “the” relay network, introduced in 2014 and maintained by Bitcoin Core developer Matt Corallo: “It’s centralizing, but, hopefully, democratizing.” On propagation Corallo’s relay network serves two distinct purposes.
Rather than just needing to rely on the peer-to-peer network, Bitcoin users can opt to receive transaction data and blocks through an alternative channel.
This makes it harder to successfully attack the Bitcoin network; the relay network functions as a fallback.
But unlike Bitcoin’s original peer-to-peer network, Corallo’s relay network is centrally controlled: by Corallo.
“The relay network gives smaller miners a leg up, since they don’t need to spend a proportionally large portion of their resources to establish these types of relay networks themselves.

Source: Bitcoinmagazine.com

Tags: ,



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to Top ↑