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
2026-08-27 00:21:03 UTCEvent JSON
{
"id": "96e5238992d54d76c37e0c1fc1227fa76832fc6116dbf83784c2da41d077605f",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1787790063,
"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": "c08a146a998b39c19682c4a2f4dcb1689f8e176535c9444851b671ea7806f0ff4ed9fc66d9ab2305143801815f6d5e7df7e99bb91bb6ec03a8cb2b7f95e0ab84"
}
