Tag: bitcoin network

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If someone or a group of people with get 51% of the hashing power on the Bitcoin Network. What exactly could be done by these individuals? Could they for example create bitcoin out of thin air, create bitcoin transactions from other wallets, reverse transactions and so forth?

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As I understand it, by running a full node like Bitcoin-QT or other software, I am helping confirm transactions and contributing to the Bitcoin network. As people send bitcoin over network small transaction fees are applied each time. Are these bitcoins distributed evenly between the people running the nodes, if so, how do I receive them?

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