Ethereum: What is the motivation for minors to include all recent transactions in a block?
As one of the most important cryptocurrencies, Ethereum drew significant attention from developers and industry experts. One of the crucial aspects that distinguishes it from other Blockchain systems is its consensual mechanism, which is based on network hash (NHP) to validate transactions.
In this article, we will immerse ourselves on motivation behind minors, including all recent transactions in a block, focusing on the specific use of Ethereum.
Consensual mechanism: a brief overview
In a blockchain network, minors act as a decentralized authority which checks transactions and adds new blocks to the “long -term memory” of the network. The consensual mechanism is responsible for ensuring that the network agrees on a single version of the blockchain. There are several consensus algorithms used in Ethereum, including proof of work (POW), which has been adopted since its creation.
Proof of work (POW) and the role of minors
Proof of work is a consensus algorithm where minors compete to resolve complex mathematical puzzles. The first minor to find a solution to these puzzles is rewarded with newly created Ethereum tokens, called Ether (ETH). This mechanism ensures that network integrity and safety are maintained.
Why include all recent transactions in a block?
Including all recent transactions in a block is used for several purposes:
- prevents double expenses : By including all recent transactions, minors ensure that there is no possibility for a malicious actor to spend an Ethereum token twice. This prevents double expenses, which has always been an important problem in the Bitcoin protocol.
- maintains network consensus : including all recent transactions helps maintain network consensus and guarantees that all nodes agree on the current state of blockchain. Without this feature, the network could become unstable due to contradictory opinions between different knots.
- improves safety : By including all recent transactions, minors increase the safety of the Ethereum network. Indeed, any malicious activity can be detected by analyzing recent transactions, which helps prevent exploits and attacks.
Case of specific use of Ethereum
Ethereum’s consensual mechanism is based strongly on work proof (POW), which includes all recent transactions in a block. This ensures that the network maintains its safety and integrity while providing decentralized authority to verify transactions.
In conclusion, including all recent transactions in a block is essential to maintain network consensus and prevent double expenditure in the consensual mechanism of Ethereum. While other blockchain -based systems may have other consensus algorithms, proof of work remains an effective method to achieve these objectives.