3 ms·
To be clear, by “wave of consensus” you mean consensus as defined by having the most CPU power. From the Bitcoin paper: > They vote with their CPU power, expr
by thawaya3113 5y ago
To be clear, by “wave of consensus” you mean consensus as defined by having the most CPU power.
From the Bitcoin paper:
> They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.
- kelseyfrog 5y agoIf you supply a higher hash rate it means you consensus more.
- spookthesunset 5y agoAll consensii are equal, but some consensii are more equal than others
- vvillena 5y agoThe "wave of consensus" refers to the fact that a decentralized network cannot have a definition of "current state" for everyone in the network. There's some sort of "undisputed state" because as blocks pile up, it becomes more and more impossible to alter the older blocks and also generate the amount of blocks required to overtake the original chain. That's the wave: new blocks propagate on the network, ensuring the older blocks can't ever change, but the newer blocks might be replaced by others in some cases. This is why there's a need to "wait for confirmations" in most crypto transactions.