46 - Vitalik Buterin on Why Proof of Stake?
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The Balance of Social Consensus in Blockchain Integrity
This chapter explores the complexities of social consensus in blockchain technology, focusing on its critical role in decision-making processes like hard forks and protocol changes. It examines the balance between legitimate system improvements and malicious alterations, emphasizing the risks of over-reliance on social consensus in protecting proof of work systems.
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