Vic on Nostr: Bitcoin, and all blockchains employing Nakamoto consensus, are encumbered by the need ...
Bitcoin, and all blockchains employing Nakamoto consensus, are encumbered by the need (and cost) of continued block production, even as subsidies reduce and eventually goto zero. Even if there are no new transactions, participants of transactions in recent blocks are incentivized to ensure block production continues in order to avoid double spends via chain rewrites.
Published at
2024-07-30 17:17:42Event JSON
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"content": "Bitcoin, and all blockchains employing Nakamoto consensus, are encumbered by the need (and cost) of continued block production, even as subsidies reduce and eventually goto zero. Even if there are no new transactions, participants of transactions in recent blocks are incentivized to ensure block production continues in order to avoid double spends via chain rewrites.",
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