3 ms·
Good article. It's clear, covers the important points, describes the basic technology reasonably well to a non-expert, debunks some common myths, and, thankfull
by infogulch 12y ago
Good article. It's clear, covers the important points, describes the basic technology reasonably well to a non-expert, debunks some common myths, and, thankfully, steers clear of "mining".
Mining is really a terrible term for the layperson that evokes thoughts of real mines that produce resources at a continuous rate. It should be called "Distributed transaction verification. And, oh yeah, by the way, verifiers have a chance to win a prize, lottery-style."