Read_438 – Blockchain Proof of Work is a Decentralized Clock [grisha]
“This explanation rests on illustrating a few interesting properties of how Proof-of-Work is used in the blockchain that are not immediately obvious and sometimes are rather counter-intuitive, for example how participants collectively solve a problem without ever communicating.” – grisha While we incessantly focus on the side-effects of the proof-of-work system in Bitcoin, the security…
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