Bitcoin Timestamp Security
A deep dive into the game theory behind keeping timestamps of bitcoin blocks reasonably accurate.| Cypherpunk Cogitations
A deep dive into the game theory behind keeping timestamps of bitcoin blocks reasonably accurate.| Cypherpunk Cogitations
A proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated. Bitcoin uses the Hashcash proof of work system.| en.bitcoin.it
