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Impossible coercion between Miners

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Avatar for JavierGonzalez
Written by   146
1 year ago

For a miner incentive to exist, it is not enough to publish the next valid block before anyone else.

It is also necessary that a majority of the hashpower decide voluntarily to work on continuing exactly that block.

It's a consensus.
Non-violent.
Totally legitimate.

A new form of executive power.

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Comments

Breve pero preciso. A muchos se les está dificultando demasiado entender esto.

$ 0.01
1 year ago

I think miner incentive exist either way, but I get your point.

Voluntary participation is the key here.

$ 0.00
1 year ago

Yes, thanks. Legitimacy is important.

$ 0.00
1 year ago