Join 79,211 users and earn money for participation

Impossible coercion between Miners

3 159 boost
Avatar for JavierGonzalez
Written by   148
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.
Totally legitimate.

A new form of executive power.

$ 1.26
$ 1.00 from @AskTheBMP
$ 0.10 from @Read.Cash
$ 0.10 from @btcfork
+ 2
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.


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