concensus

2 Articles 0 Followers


Consensus in a Decentralized Network

9 Sep 2020 4 minute read 0 comments Simplify Crypto

We have been learning how Bitcoin mining works and the Proof-of-Work algorithm that validates it. In this article, we will try to understand more deeply how it is possible to create a universal truth accepted by all who are part of the network and wi...

Mining - Satoshi's best idea

8 Sep 2020 4 minute read 0 comments Simplify Crypto

Bitcoin mining is the mechanism for creating new bitcoins. But it is much more than that. It is the invention that makes Bitcoin special and the decentralized security mechanism that is the basis for peer-to-peer money. New bitcoins are created each...