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Browsing the "bitcoin energy consumption" Tag

What Is Consensus? (Blockchain Report Excerpt)

October 6th, 2018 | by Michael Barnard

The entire blockchain concept is a solution to a computer science problem from the 1970s that was formalized in 1982 as the Byzantine Generals’ Problem. At heart, it’s a question of how a bunch of systems can collaborate with trust when malicious actors are trying to disrupt the system. Proof-of-work and proof-of-stake are different solutions on top of blockchain to that problem



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