The Nakamoto consensus as a leader

in #gametheory • 5 years ago (edited)

The Nakamoto consensus is the leader of distributed ledger technology like Ethereum, and delegates who has authority to compute the state transition function δ = Q × Σ → Q, where Σ is all possible transactions.

This is the same thing as the nation-state consensus, where political parties are elected, delegated authority over "state transition function" during their mandate, analogous to blocks in a blockchain.

5 years ago in #gametheory by
$0.00
    2 votes
    Reply 0

    Coin Marketplace

    STEEM 0.14
    TRX 0.24
    JST 0.032
    BTC 89130.45
    ETH 2202.94
    SBD 0.92