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by geofft
2668 days ago
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The term "blockchain" is ill-defined (and often is used to mean just "Merkle tree"), but in the sense of the 2008 Nakamoto paper, a blockchain derives its security from having more computational power participate in the security of the system than the unused and available computational power in the world, and specifically from having financial incentives (mining) to make this be the case. In other words, the data structure is specifically about money and corruption, by design. |
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