TD₿: How SHA-256 and Mining Protect the Bitcoin Network by Arman the Parman
TL;DR A technical description of how Bitcoin mining works under the hood.
Hey Bitcoiners,
A majority of the billions of people who use the internet today cannot tell you a single thing about how it actually works. I believe the same will be true of Bitcoin. Decades from now, I believe people will use the Bitcoin network without even realizing it.
Having said that, it is still extremely interesting to learn how Bitcoin works under the hood.
Bitcoin mining is one of the components of Satoshi’s invention that helps defend the network from 51% attacks, but how exactly?
Well, an article by Arman the Parman titled “How SHA-256 and Mining Protect the Bitcoin Network” digs deep into this exact question (02/24/22).
By developing a thorough understanding of how Bitcoin works, you can build deeper conviction in what you own, as well as be in a better position to teach others about Bitcoin.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“Bitcoin doesn't require a bank or military to protect it. It runs the SHA-256 hash function 96,000,000,000,000,000,000 times per second to secure the property rights of 7.6 billion people.’ - Documenting Bitcoin, Bitcoiner
Meme of the Day
(h/t @Crypto_Mags)