3 ms·
It's a global store of data that synchronizes using a global random number generator. Compare this: "Let's all meet on avenue A at noon to protest the panopti
by jancsika 9y ago
It's a global store of data that synchronizes using a global random number generator.
Compare this:
"Let's all meet on avenue A at noon to protest the panopticon."
to this:
"If some function applied to block 1234 reduces to zero, let's meet at avenue A at noon, or else let's meet at avenue B at noon."
By using a blockchain you just increased the number of barricades that must be constructed from 1 to 2.
- programmarchy 9y agoBut nobody has an incentive to mine the chain unless there is a reward. Hence, the value proposition of Bitcoin. The genius of the design lies in the incentive structure, not just the blockchain.