Blockchain

In short, blockchain is a immutable linked list of hashesarrow-up-right. Which can be used to solve the double spending problem in cryptocurrencies using proof of work (or other methods) and a persistent chain of records (blocks mined).

Consensus algorithms

  • PoW: The more hashing power the more trust worthy.

  • PoS: The more coins the more trust worthy.

  • PBFT: Hand selected trusted nodes.

  • Randomized asynchronous algorithm: You trust nobody! Every single node is constantly re-evaluated. (Skycoinarrow-up-right)

Interesting applications

Notes

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