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 iterative.capital, "Machine Consensus Via Proof-of-Work."
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76
Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t
Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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 iterative.capital, "Machine Consensus Via Proof-of-Work."
Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76
Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t
Support the show:Shop.Trezor.io Affiliate LinkThe Drunkard’s Walk: How Randomness Rules Our LivesMastering Bitcoin
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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