TD₿: The Anatomy of Proof of Work by Hugo Nguyen
TL;DR Proof of Work acts a bridge between the digital and physical worlds.
Hey Bitcoiners,
Proof of Work is a monumental achievement.
Dr. Adam Back somehow managed to invent a mechanism where a distributed network of participants could come to a consensus by utilizing the fundamental unit of the universe: energy.
Bitcoin miners must prove they did honest work via electricity to receive a block reward.
It’s a beautiful design that Hugo Nguyen writes on in this post titled The Anatomy of Proof of Work (02/10/2018).
Bitcoin is energy money.
Tick tock next block,
Cory Klippsten
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