This is a quote from the book "Bitcoin: A Peer-to-Peer Electronic Cash System" by Satoshi Nakamoto
...ork difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases.
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> The steps to run the network are as follows:
on finding a difficult proof-of-work for its block.When a node finds a proof-of-work, it broadcasts the block to all nodes.Nodes accept the block only if all transactions in i...
- New transactions are broadcast to all nodes.
- Each node collects new transactions into a block.
- Each node works