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You're reading from  Mastering Blockchain - Fourth Edition

Product typeBook
Published inMar 2023
PublisherPackt
ISBN-139781803241067
Edition4th Edition
Concepts
Blockchain
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Author (1)
Imran Bashir
Imran Bashir
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Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

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Nodes and miners

The Ethereum network contains different nodes. Some nodes act only as wallets, some are light clients, and a few are full clients running the full blockchain. One of the most important types of nodes is mining nodes. We will see what constitutes mining in this section.

Transactions can be found in either transaction pools or blocks. In transaction pools, they wait for verification by a node, and in blocks, they are added after successful verification. When a mining node starts its operation of verifying blocks, it starts with the highest-paying transactions in the transaction pool and executes them one by one. When the gas limit is reached, or no more transactions are left to be processed in the transaction pool, the mining starts. As a result of the mining operation, currency (ether) is awarded to the nodes that perform mining operations as an incentive for them to validate and verify blocks made up of transactions. The mining process helps secure the network...

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Mastering Blockchain - Fourth Edition
Published in: Mar 2023Publisher: PacktISBN-13: 9781803241067
© 2023 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

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