CryptoQuikRead_192 – The Cryptocurrency Phenomenon [Part 7]

“In practice, the Proof-of-Stake approach proves to be problematic in systems where the coins “at stake” were not created through Proof-of-Work.”
Today we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without any central point of control.  Concluding Section 5 of the incredible Thesis by, “Machine Consensus Via Proof-of-Work.”
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