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If you fork the bitcoin blockchain you have now two ledgers, each one telling you that a certain number of bitcoins really exist. Who is to say that one is rig
by lottin 3y ago
If you fork the bitcoin blockchain you have now two ledgers, each one telling you that a certain number of bitcoins really exist. Who is to say that one is right and the other is wrong? In this scenario, it's debatable how many bitcoins are in existence.
- sowbug 3y agoYou might want to read the Bitcoin whitepaper. There is zero ambiguity in the situation you describe. That is the essence of the proof-of-work (or proof-of-stake, take your pick) solution to the Byzantine generals problem.
- lottin 3y agoThe ambiguity has to do with the fact that we don't know for sure which blockchain will prevail, because the protocol is unenforceable.