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"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp
Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.
Check out the original article at: Bitcoin’s Security Model: A Deep Dive
Links:
Anatomy of Proof of Work [Part 1 - Hugo Nguyen]
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“I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman
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