It is a set of rules that verifies the authenticity of a blockchain network, using a combination of the proof-of-work consensus algorithm on a Byzantine Fault Tolerance (BFT) p2p network. Therefore a crucial part of the network
The Nakamoto Consensus is a set of rules that verifies the authenticity of a blockchain network, using a combination of the proof-of-work consensus algorithm on a Byzantine Fault Tolerance (BFT) peer-to-peer network.
3 functions by the seperate actors are : - Senders being wallet users as customers - Receivers being merchants using merchant APIs - Transaction processors being miners on node network
3 functions by the seperate actors are : - Senders being wallet users as customers - Receivers being merchants using merchant APIs - Transaction processors being miners on node network
It was fun to watch. Not too short and not too long! Let's what the next contestants will present. And what progress will be shown by the contestants that made it through to the next round.