The Bitcoin Podcast cover image

The Bitcoin Podcast #367- Nathan, Wes, and Darcy Ubitquity

The Bitcoin Podcast

00:00

Using Proof of Stake to Do Distributed Consensus

With bicoine like there isn't a way to punish someone who tries to cheat this system, because what you're putting at stake is external to the system. There is an opportunity cost that if what you do is conceted, is seen as invalid to the network, they just ignore it and so you've wasted all that energy to try to cheat the system. With proof of stake, they can say, oh, i know who you are. I'm taking away your money,. becauset what you're Putting up at stake is internal to the system... H ha, ye. Anow yo to take as much o your wayas to play with is what i really good

Play episode from 14:42
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app