It's mainly a solution to the Byzantine Generals problem which is basically about forcing trust among the trustless or untrustable. How does it solve that? By f

It's mainly a solution to the Byzantine Generals problem which is basically about forcing trust among the trustless or untrustable. How does it solve that? By forcing the participants to invest in the system in such a way that they can only participate in a trustable way. That may seem like circular reasoning, but the details get into nested rabbit holes that cross computer science, cryptography, psychology, and economics. Best to read up on it for more explanation. As it's over a decade old it should be trivial to find commentary in your preferred language and level of analysis with only the simplest of queeries.