Can mines reject transactions from stolen Ethereum addresses?

Ethereum’s consensus algorithm is built on a decentralized network of miners who collectively solve complex mathematical problems for confirming transactions and creating new blocks. However, the possibility of a miner who rejects transactions from the address has caused a discussion among crypto lovers and experts. In this article, we will implement the concept of rejecting transactions and its consequences on the Ethereum mining community.

Discarding a transaction in Ethereum

In Ethereum, each block contains a list of transactions, known as “series”. Each series checks multiple miners who control their own copies of Blockchain. The consensus algorithm relies on the collective work of these miners to confirm new blocks and create a permanent record of all transactions that have taken place on the network.

Now let’s consider what happens if one miner refuses a transaction from the address. Theoretically, this could lead to a situation where some blocks are refused as invalid because of the “broken” transactions in them. However, there is no inherent mechanism for the miners to reject the entire series of transactions without endangering the integrity of the network.

Problem with the rejection of transaction

There are several reasons why transaction rejection is not feasible:

• Consensus Algorithm

  : Ethereum consensus algorithm relies on the collective work of more miners to confirm transactions and create new blocks. The rejection of one transaction would require all the miners agree, which is not possible in a decentralized network.

• Blockchain structure : Blockchain structure ensures that each block contains a list of transactions from previous blocks. The rejection of a particular series of transactions would disturb the chain and lead to inconsistency.

• Hash -a functions: Ethereum uses cryptographic hash functions to ensure data integrity and prevent touching. These hash functions are designed to be one -way, which means that it is computer -free to change or manipulate without causing significant damage.

Stolen property and rejection of transactions

In the case of stolen property such as Bitstamp Coins, the situation is more complex. If the malicious actor stole the property from another wallet, he could try to refuse transactions from that address to prevent their funds to be transferred. However, this would require coordination among multiple miners who are not necessarily associated with the original wallet holder.

Conclusion

Although it is theoretically possible for the miners to reject certain series of transactions, there are several reasons why this would not be practical or feasible in Ethereum’s decentralized network:

• Consensus Algorithm : The collective work of the miners ensures that all transactions are verified and added to blockchain.

• Blockchain structure : Blockchain structure prevents disorder by rejecting certain series of transactions.

• HASH functions : The functions of the cryptographic hash has ensured the integrity of the data, which makes it computational indispensable change or manipulation without causing significant damage.

In conclusion, although the rejection of transactions is an intriguing concept, it is not a sustainable solution to resolve disputes within the Ethereum Community. Instead, the miners should focus on checking transactions and construction of confidence with each other through cryptographic mechanisms, such as ECDSA signatures and algorithms of consensus for proof (POS).