Inventing Bitcoin was a stroke of genius on the part of the enigmatic Satoshi Nakamoto. By combining a proof-of-work (PoW) consensus model with economic incentives, game theory, and cryptography, Satoshi created a decentralized network that has successfully weathered the last eleven years.  However, for as long as Bitcoin has been around, people have been trying to improve on the design. These improvements generally target at the PoW consensus method. After all, it’s PoW that means Bitcoin will never manage the kind of throughput achieved by the traditional financial system. It takes time to achieve consensus under PoW, and this is…
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What Is Proof Of History? Time-Based Consensus For Faster Throughput



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