Quotable Satoshi on Nostr: It is a global distributed database, with additions to the database by consent of the ...
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
Published at
2026-03-11 12:21:01 UTCEvent JSON
{
"id": "b0fb76521702c58c5893ec46ed76c6df538eaeafe428e6cd1d21f2c10f31b08f",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1773231661,
"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": "f783ba2a15bd5d7ea66c103306d3ce4de43ed7d3f9c087fe8297e12e07a0e6354ed361ece3d8a29ead144b8f13fcd33b5a360853da1109b3ad4cbeac294d6095"
}
