29 Apr 23 4:36 am type: related:
proof of work
blockchain
consensus mechanism
still used by bitcoin
distributed ledger, where 100000s of users add to the ledger
the entire network checks
- reliable
- fiar
- real time
- efficient
- transparent for consensus
proof of work is one way to reach consensus
in blockchain, everyone has their copy of the ledger
algorithm to eliminate fake users of the network
- to fix double spending