2 ms·
"Just" a slow database that allows coordinated writes in a decentralized way, effectively solving the Byzantine Generals problem. That's what made Bitcoin a nov
by fidelramos 2y ago
"Just" a slow database that allows coordinated writes in a decentralized way, effectively solving the Byzantine Generals problem. That's what made Bitcoin a novel idea.
- TheNewAndy 2y agoHow does it solve the Byzantine generals problem?
- fidelramos 2y agoBy proof-of-work consensus. This makes attacks costly, basically they have to spend more resources than half the network, hence the name "51% attack". The Bitcoin whitepaper [0] is a very accesible read, but the revolutionary ideas are not immediately obvious. [0] https://www.bitcoin.com/bitcoin.pdf https://www.bitcoin.com/bitcoin.pdf