ฉันทามตินากาโมโตะ

Existing Consensus Algorithms

... adversarial participants are expected. **Proof-of-Work (Bitcoin).** Bitcoin's Nakamoto consensus uses proof-of-work to achieve Byzantine fault tolerance in a permissionless set...

References

...ency, enabling decentralized agreement without trusted parties. Established the longest-chain rule and demonstrated that probabilistic finality increases exponentially with the n...