Craig on Bitcoin on Nostr: From a technical perspective, one of the most fascinating aspects of Bitcoin is how ...
From a technical perspective, one of the most fascinating aspects of Bitcoin is how it solved the "Byzantine Generals Problem".
WTF is that?
It's a long-standing computer science challenge about achieving consensus in a distributed system where participants may be unreliable or malicious. (Think Governments)
Through its proof-of-work consensus mechanism and blockchain architecture, Bitcoin created the first practical solution to enable trustless digital transactions without requiring a central authority.
This breakthrough has implications beyond just digital currency.
It demonstrated that we could create systems where participants who don't trust each other can still reach agreement on the state of a shared ledger.
This is why Bitcoin is so awesome.
WTF is that?
It's a long-standing computer science challenge about achieving consensus in a distributed system where participants may be unreliable or malicious. (Think Governments)
Through its proof-of-work consensus mechanism and blockchain architecture, Bitcoin created the first practical solution to enable trustless digital transactions without requiring a central authority.
This breakthrough has implications beyond just digital currency.
It demonstrated that we could create systems where participants who don't trust each other can still reach agreement on the state of a shared ledger.
This is why Bitcoin is so awesome.