Do Full Nodes validate all transactions after all bitcoin are mined?
Yes.
Also, would these nodes still create blocks of transactions
Yes
if so, why dont full nodes do this now?
Do what? Validation? If so, full nodes certainly do validate now. In fact, full nodes validating is what keeps miners in check.
Is mining only a safety mechanism for a permissionless network?
Mining is the mechanism in which the ordering of transactions is determined. It's sole purpose is to dictate which transaction came first in the event of a "double spend" and allow everyone to agree that that transaction was first. It is an integral part of achieving consensus. Mining doesn't actually validate anything; just that whatever goes into a block, and the block itself, must be valid, so miners should be validating incoming transactions before including them in a block.
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