Why Is Immediate Block Broadcasting Essential for ‘Honest’ Mining?
Immediate block broadcasting is essential because it ensures that all network participants are quickly updated on the latest block, allowing them to begin mining on the same, longest chain. This minimizes the chance of accidental forks and the creation of stale blocks.
By immediately broadcasting, honest miners cooperate to maintain a single, consistent version of the ledger, which is the foundation of network integrity.
Glossar
Block Broadcasting
Communication ⎊ Block Broadcasting represents the critical communication phase where a newly validated block, containing a set of confirmed transactions, is rapidly transmitted from the successful miner's node to all other participants across the peer-to-peer network.
Honest Miners
Participants ⎊ Honest Miners are the majority network participants in a Proof of Work system who expend computational resources to validate legitimate transactions and extend the blockchain according to the established protocol rules.
Immediate Block Broadcasting
Latency ⎊ ||Immediate Block Broadcasting refers to the rapid dissemination of a newly mined block across the peer-to-peer network with minimal propagation delay.