Nakamoto Consensus
Bitcoin's combination of Proof of Work leader election, the longest-chain fork choice, and block rewards that make honest extension the profit-maximizing strategy. It trades deterministic finality for permissionless, open participation.
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Bitcoin's combination of Proof of Work leader election, the longest-chain fork choice, and block rewards that make honest extension the profit-maximizing strategy. It trades deterministic finality for permissionless, open participation.
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