MIT 15.S12 Blockchain and Money, Fall 2018
Instructor: Prof. Gary Gensler
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This lecture covers blockchain consensus protocols. Because of the decentralized nature of blockchain technology, it is crucial that consensus protocols are used to require that the nodes on the network agree on the same state of a blockchain.
License: Creative Commons BY-NC-SA
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wow its suddenly a new world and people are mining and farming and living in computers, anyway well taught!
Your Bitcoin address is actually your public key. You use your private key to sign signatures for transactions. The public key is the "address" where your Bitcoin is stored in the network.
If one transaction was intended to be on the Bitcoin chain, but happened to be on the “hard forked” Bitcoin Cash chain, what would happen?
An ASIC isn't a circuit board.
A question: Since the blockchain is append only, and stale blocks are formed ( however rarely) how come one block divide into two chains, i.e., how do two blocks get added to the same previous block?
Affiliate.
Bufferchain 0 = 0
=6=B
why limit the size of a block?
Gary "We'll talk about it on Thursday" Gensler
If eventually bitcoin caps at 21mil and miners stop mining and validating does that mean transaction can't take place and therefore the network would become unsustainable?
I DON'T NEED TO KEEP WHISPERING THE NAME, BUT IT'S , ANDREW LO —> DO I GO AROUND WHISPERING THE NAME EVERY SO OFTEN, LIKE SOME CRYING GAME, AS A PLOY OF THE DRAMA OF BITCOIN ITSELF, OH I'M A CENTRAL INDIVIDUAL WITH A CRITICAL PIECE OF
👍👍👍👍👍