I understand why ...
... developers hold power. When they change the client, a large number of users will run the software with the new rules. And would have a hard time switching.
... miners hold power. When they refuse to mine certain transactions, those will be delayed or even prevented.
... exchanges hold power. In the case of a fork, the chain that Coinbase calls "Bitcoin" would gain credibility. And their users might have a hard time to support the other chain.
... hodlers hold power. If they say "I demand $XXXXX for a coin on chain A and $XXX for a coin on chain B", that gives chain A more value than chain B.
... buyers hold power. If they say "I pay $XXXXX for a coin on chain A and $XXX for a coin on chain B", that gives chain A more value than chain B.
But how do node operators hold power? How can they influence the outcome in case of a split or when miners refuse to mine certain transactions?

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments