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#80 – Vitalik Buterin: Ethereum, Cryptocurrency, and the Future of Money
Lex Fridman Podcast
The Proof of Work Mechanism
The proof of work mechanism is like the fundamental idea proposed in the white paper that defines Bitcoin. The original use case was combating email spam. It's a system that just processes a series of transactions. For every transaction, it verifies that the sender has enough coins to pay for the transaction andverifies that the digital signature is correct.
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