The general setup is fairly simple. Proof of work mining you're essentially voting on blocks with your hash power. There's some cost to voting because you can only ideally vote on one of the histories at once and then you sort of end up with the same properties. Finality is in blockchain terms that so that's actually an interesting point in like a lot of the innovation quote unquote innovation in consensus algorithms.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode