11min chapter

The Bitcoin Matrix cover image

Pierre Rochard on Work, Communism, Spirituality & Bitcoin

The Bitcoin Matrix

CHAPTER

Proof of Work and Nakamoto Consensus

This chapter provides a detailed explanation of how proof of work operates in Bitcoin, including the combination of proof of work and the difficulty adjustment mechanism. It discusses the block header, the miner's goal of generating a hash with leading zeros, and the recalibration of the number of leading zeros. It also touches on the criticism of proof of work and the comparison with proof of stake.

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