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by dpkp
3120 days ago
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That seems inconsistent with the paper. For example, from the conclusion: [Nodes] vote with their CPU power, expressing their acceptance of
valid blocks by working on extending them and rejecting invalid blocks by refusing to work on
them. Any needed rules and incentives can be enforced with this consensus mechanism.
I do see the separate section on "Simplified Payment Verification", which does seem distinct from mining. Is that what you are referring to? |
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* Another phenomenon he didn't imagine was mining pools, which drastically changed the dynamics of mining.