There are only two hard things in Computer Science: cache invalidation and naming things.
- Phil Karlton
There are only two hard things in Computer Science: cache invalidation and naming things.
Proof-of-work has the nice property that it can be relayed through untrusted middlemen. We don’t have to worry about a chain of custody of communication. It doesn’t matter who tells you a longest chain, the proof-of-work speaks for itself.
Before blockchain can become the foundation upon which the world conducts its financial transactions, we must address a fundamental issue…