Archive for December, 2011
Mining for Science
Posted by SDLerner in Uncategorized on December 31, 2011
One of the most debated aspects of Bitcoin is the use of the Proof-of-Work method to achieve consensus. Critics point to Bitcoin inefficiency and unbounded waste of resources. Other methods to achieve consensus are known, such as Byzantine-fault-tolerant protocols. Even if such alternatives may be more efficient, there are many practical problems that need to […]
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