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Who, then, is entitled for Alice’s commission fee? Clair or Dan? The answer is simple: Whoever is faster.To see why, assume that Dan, another clerk who received Alice’s transaction information, is trying to add his page to the notebook at the same time, where his page also contains the same transaction from Alice to Bob.They invest a huge amount of work because the system gives them an incentive to do so: They earn from the transaction fees, but also earn some fixed amount of money for each page they add to the notebook; this fixed amount is practically huge and currently is equal to ~13K$....
rks.They invest a huge amount of work because the system gives them an incentive to do so: They earn from the transaction fees, but also earn some fixed amount of money for each page they add to the notebook; this fixed amount is practically huge and currently is equal to ~13K$.But what is actually this money, and how Alice obtained this amount of money that she transfers to Bob in the first place? We already can tell that the money does not come in a physical form, since we don’t trust any central entity to create money and spread it among the mass....
In real life, processing a transaction by a computer is an easy task and doing it by a normal computer will require only few milliseconds (or even less), this will cause a tough race between Clair andhow to setup sonicwall vpn client Dan and a situation in which part of the clerks are convinced by Clair and another part are convinced by Dan is very easy to happen.To see why, assume that Dan, another clerk who received Alice’s transaction information, is trying to add his page to the notebook at the same time, where his page also contains the same transaction from Alice to Bob.As you can imagine, the miners are the ones who bring new money to the world....
If Clair processes her page first and manages to convince everyone else that she did so then her page will get into the notebook, this requires Dan to edit his page because the transaction from Alice to Bob is already in the notebook and cannot be written twice.This is done using a puzzle: For every page that is to be added to the notebook by some clerk, there is a unique random puzzle, that is immensely difficult to solve.Alice’s transaction must how to setup sonicwall vpn clientnot be processed twice of course, since if it is being processed twice then she loses money that she didn’t meant to spent....
Alice’s transaction must how to setup sonicwall vpn clientnot be processed twice of course, since if it is being processed twice then she loses money that she didn’t meant to spent.Once you notify the miners about the transaction you are willing to perform, they try to add it to the next page and find a solution for the puzzle associated with that page, the first miner who find a solution earns your transaction fee along with the fixed amount of money.If Clair processes her page first and manages to convince everyone else that she did so then her page will get into the notebook, this requires Dan to edit his page because the transaction from Alice to Bob is already in the notebook and cannot be written twice....
