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Gloria Zhao on Bitcoin Network Defense: Core Developers, Decentralized Nodes, and Emerging Tech Threats

Coin Stories

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Decentralization and Governance in Bitcoin

This chapter explores the intricacies of Bitcoin as a decentralized protocol, emphasizing the importance of security and governance. It discusses the role of self-hosted nodes in maintaining censorship resistance and highlights the challenges of consensus in a decentralized network, using relatable analogies. Additionally, it addresses transaction processing complexities, block size implications, and the unique dynamics of Bitcoin mining compared to traditional finance.

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