Distributed Consensus
Distributed Consensus in the context of Bitcoin refers to the process by which nodes (computers participating in the network) agree on a single, authoritative version of the blockchain’s transaction history. This consensus mechanism is crucial for maintaining the… Read More
Avoiding Bitcoin’s Double-Spend vs Ethereum Security
Bitcoin avoids the double spend attack through several key mechanisms inherent to its design, particularly through its decentralized consensus mechanism known as proof-of-work (PoW). Here’s a detailed explanation: 1. Blockchain Structure Immutable Ledger: Bitcoin transactions are recorded on… Read More
