Timeline for Would Bitcoin still work without a target difficulty?
Current License: CC BY-SA 4.0
2 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Aug 2, 2021 at 18:28 | comment | added | MaiaVictor | How can my client be sure that nobody is retaining blocks? -- You can't be sure of that in Bitcoin either. There could very well be fork with more work (a "longest chain") that you're not aware of. Bitcoin nodes just assume they've met enough collaborating peers to get that data. My proposed system does the same. The only difference is that, instead of a target difficulty, the node just picks the block with largest work. For the PoV of a lone node, it just collects blocks and computes the longest chain of the blocks it does see. It doesn't need a central party in any form to reach consensus. | |
| Aug 2, 2021 at 13:13 | history | answered | usr-local-ΕΨΗΕΛΩΝ | CC BY-SA 4.0 |