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I would love to help you understand how Ethereum Blockchain came up and can you start using only one knot.
How did Ethereum get its first 50 bitcoins?
The creation of the Ethereum network included a process called “mining”, which is an essential part of the decentralized and safe Blockchain maintenance. Vitalik Buterin, the creator of Ethereum, explained that mining is necessary to confirm the network operations and create new ether units (native cryptocurrency).
Computers with powerful graphics processing devices (GPU) or integrated chains (ASICS) are used to excavate Ethereum. These specialized hardware devices solve complex mathematical problems created by Vitalik Bical himself.
The first Ethereum network block was excavated in 2016, with a reward for one new ether unit for these mathematical problems. This process is repeated every 14 blocks or Ganesha to keep the Ethereum safe and decentralized.
Can I run the Ethereum system with just one node (computer)?
Theoretically, it is possible to run the Ethereum network from scratch using only one computer (knot), but it is not practical or recommended for several reasons:
1
- With only one computer, it is unlikely that the block reward could be maintained without damaging security.
- Interaction:
To work with other Ethereum assemblies or applications, you will need to be able to safely communicate through the network. Here, the role of central government (like a node) becomes decisive.
And what if I had only one knot?
Even if you had access to one computer, that’s what would happen:
- No operations:
With no other knots, the blocks will not be confirmed and added to Blockchain.
2.
- No reward: Block reward is something that encourages mining of the miner to effectively solve mathematical problems. With only one node, there is no way to operate the award system.
In conclusion, while Ethereum network from scratch using one computer may look possible, it is not practical or safe in the current form. The decentralized nature of Blockchain technology depends on the cooperation and coordination of knots around the world, which does Ethereum really amazing.
ETHEREUM WHAT FACTORS AFFECT VALUE
