New answers tagged proof-of-work
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Is there a consensus as to what is meant by 'Nakamoto Consensus'?
From this article: https://coinmarketcap.com/alexandria/article/what-is-the-nakamoto-consensus
Prior to Satoshi’s creation of the Nakamoto Consensus, Byzantine Fault
Tolerance was used in peer-to-...
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4
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Probability of mining maximum of 3 block in next 20 minute
Assuming block finding is a Poisson process with rate 1 per 10 minutes.
In that case, the number of blocks found per given finite time interval would be described by a Poisson distribution. For 20 ...
- 82.7k
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Is it correct to refer to hashes found through proof of work as "proof of work numbers"?
Is it correct to refer to hashes found through proof of work as "proof of work numbers"?
I wouldn't say it is incorrect but it isn't exactly correct either. I'd say The phrase "Proof ...
- 17.5k
2
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What stage of the bitcoin protocol deals (or 'solves') the double-spend problem?
There are multiple parts of the protocol that play together to concert a solution to the doublespend problem.
Transactions generally have first-party mutability: just like Mallory can promise the same ...
- 62.3k
3
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Proof that blockchain converges to the longest chain
Without further qualifications or assumptions, no such proof exists because the statement isn't true. Proof of work, at best, makes it expensive for miners not to converge, but if miners had no regard ...
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