Replies to post #37935 on Microelectronics Technology Co. (fka MELY)

[towerclimber92]

http://www.coindesk.com/bitcoin-nodes-need/
What Are Bitcoin Nodes and Why Do We Need Them?

For example, in order to validate and relay transactions, bitcoin requires more than a network of miners processing transactions, it must broadcast messages across a network using 'nodes'. This is the first step in the transaction process that results in a block confirmation.

To function to its full potential, the bitcoin network must not only provide an avenue for transactions, but also remain secure. By using a number of randomly selected nodes, the network can reduce the problem of double spending – when a user attempts to spend the same digital token twice.

However, bitcoin doesn't just need nodes, it requires lots of fully functioning nodes – nodes that have the bitcoin core client on a machine instance with the complete block chain. The more nodes there are, the more secure the network is.

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I believe resilience means security IMO


However, bitcoin doesn't just need nodes, it requires lots of fully functioning nodes – nodes that have the bitcoin core client on a machine instance with the complete block chain. The more nodes there are, the more secure the network is

http://www.coindesk.com/bitcoin-nodes-need/

You're correct, and the fact the company is placing test nodes in Tokyo and Singapore is exciting to think about. I believe china has a very large share in the global hashrate. That's very exciting to think about IMO. If $MELY does not add any servers this month, what I hope they achieve is stabilization of the miners hashrate, what we saw previously was the pool running between 70-90 TH/S - maybe the company didn't have all it's miners in the pool. who knows. but either way i hope that problem gets fixed.