Silver Manifesto: Digesting the Gains – David Morgan
Crush The Street, Released on 11/19/20
David Morgan
Bitcoin Core checks each block of transactions it receives to ensure that everything in that block is fully valid—allowing it to trust the block without trusting the miner who created it.
This prevents miners from tricking Bitcoin Core users into accepting blocks that violate the 21 million bitcoin limit or which break other important rules.
Users of other wallets don’t get this level of security, so miners can trick them into accepting fabricated transactions or hijacked block chains.
Why take that risk if you don’t have to? Bitcoin Core provides the best possible security against dishonest miners along with additional security against other easier attacks (see below for details).
How Validation Protects Your Bitcoins
and put your bitcoins at increased risk of being stolen. That risk may be acceptable for small values of bitcoin on mobile wallets, but is it what you want for your real wallet?
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