Ep. 12 [Bitcoin Miner=Bitcoin Full-Nodes] Initiate & Receive pending Bitcoin-Transactions - Part 2

Note
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In the last episode we saw the overall picture how Full-Nodes are connected with each other in the Bitcoin-Network. They are connected in order to send & receive pending-Bitcoin transactions and blocks with each other.

In this episode I want to complete the Big-Picture of the Bitcoin-Network. In Episode 2.1 we met the Bitcoin-Miner Alice.

We got to know that a Bitcoin-Miner is participating in a mathematical-contest in order to win some Bitcoins as a reward. In order to win the reward, a miner has to solve a mathematical-task and afterwards secure the Bitcoin-Network. We explained what it means to secure the Bitcoin-Network.

Actually, every Bitcoin-Miner is a Full-Node with a additional Bitcoin-Mining function. That means every Miner, like Alice, does the same functions like every Full-Node. It sends & receives pending Bitcoin-Transactions and blocks from the Blockchain.

That also means that every Bitcoin-Miner holds a local list of pending-Bitcoin transactions like all the other Full-Nodes. Like we said before, this local list consists of pending Bitcoin-Transactions which the Full-Node initiated by itself or received from other Full-Nodes.

This fact is very important to understand. It has something to do with securing the Bitcoin-Network and in general creating new blocks for the Blockchain.

We will dive deeper into it in the next episodes.

Summary

A Bitcoin-Miner is a Bitcoin Full-Node with additional Bitcoin-Mining Function

Thus a Miner holds a local Blockchain and a list with pending Bitcoin-Transaction

This local list consists of pending Bitcoin-Transactions which the Full-Node initiated by itself or received from other Full-Nodes.

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