It is a global distributed database, with additions to the database by consent of the majority, based on a set of rules they follow:
- Whenever someone finds proof-of-work to generate a block, they get some new coins
- The proof-of-work difficulty is adjusted every two weeks to target an average of 6 blocks per hour (for the whole network)
- The coins given per block is cut in half every 4 years
Quotable Satoshi
npub1sa…7sfhu
2024-05-28 00:21:02
Author Public Key
npub1satsv3728d65nenvkmzthrge0aduj8088dvwkxk70rydm407cl4s87sfhuPublished at
2024-05-28 00:21:02Event JSON
{
"id": "bfb4a69e711d35425b715966ad070f42e7bb05187f6126540d49c8b036c4a0cc",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1716855662,
"kind": 1,
"tags": [],
"content": "It is a global distributed database, with additions to the database by consent of the majority, based on a set of rules they follow: \n\n- Whenever someone finds proof-of-work to generate a block, they get some new coins\n- The proof-of-work difficulty is adjusted every two weeks to target an average of 6 blocks per hour (for the whole network)\n- The coins given per block is cut in half every 4 years",
"sig": "986234391ff30de20809d0901dea2745cb1cd3bc008f7cc5635730df98b3e4d5f9fdb2a688f6b693650a3492b23470b458c05b5e23b812c8f0b11323a114c591"
}