This is exactly how bitcoin works.
Every 10 minutes the network elects a leader to assort & order transactions and also throw out fraudulent transactions.
If he fails to do this, he is not allow to claim his block reward (technically the "coinbase" transaction)
I keep telling people the future of politics is markets & Blockchains.
Its hard to explain comprehensively and what's strange is that no one has written a thorough book on the topic.
I am happy there are people actually writing such material on this topic.
Albeit its a bit too technical.
Computer science is the future of politics & governance. (I don't think AI is any useful but rather distributed systems)
max_•20m ago
This is exactly how bitcoin works.
Every 10 minutes the network elects a leader to assort & order transactions and also throw out fraudulent transactions.
If he fails to do this, he is not allow to claim his block reward (technically the "coinbase" transaction)
I keep telling people the future of politics is markets & Blockchains.
Its hard to explain comprehensively and what's strange is that no one has written a thorough book on the topic.
I am happy there are people actually writing such material on this topic.
Albeit its a bit too technical.
Computer science is the future of politics & governance. (I don't think AI is any useful but rather distributed systems)