BitPLATES - Bitcoin Backup on Nostr: Four pillars of Bitcoin: Ledger, mechanism, risk, reward. 1. Ledger (Blockchain) - ...
Four pillars of Bitcoin:
Ledger, mechanism, risk, reward.
1. Ledger (Blockchain) - Distributed, decentralised, synchronised database.
2. Mechanism (Proof-of-work) - Open-source, decentralised, cryptographic consensus
algorithm.
3. Risk (Difficulty) - Thermodynamic requirement for the extrinsic commitment of
energy, providing computational immutability.
4. Reward (Bitcoin) - Native, intrinsic asset, rewarded during game-theoretical
competition.
Would anyone add, remove, or change anything here?
Published at
2023-08-27 19:18:52Event JSON
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"pubkey": "6f44f5f19410622a13087b3e5c826e617061103d9daff31c09b3f6c1dcdeabd5",
"created_at": 1693163932,
"kind": 1,
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"content": "Four pillars of Bitcoin:\n\nLedger, mechanism, risk, reward.\n\n1. Ledger (Blockchain) - Distributed, decentralised, synchronised database.\n\n2. Mechanism (Proof-of-work) - Open-source, decentralised, cryptographic consensus\ralgorithm.\n\n3. Risk (Difficulty) - Thermodynamic requirement for the extrinsic commitment of\renergy, providing computational immutability.\n\n4. Reward (Bitcoin) - Native, intrinsic asset, rewarded during game-theoretical\rcompetition.\n\nWould anyone add, remove, or change anything here?\n\nhttps://cdn.nostr.build/i/ddcdeddb88cb619acf8938589ce1eb60385cae5b0fa3d4757796907b6384f3cb.jpg",
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}
