arno/bitcoinbook
1
0
Fork 0
mirror of https://github.com/bitcoinbook/bitcoinbook synced 2025-06-29 11:22:37 +00:00
Code Issues Releases Wiki Activity

Made changes to ch08.asciidoc

Browse Source
This commit is contained in:
myarbrough@oreilly.com 2014-11-18 10:53:21 -08:00
parent 7fba3d19b4
commit 560879b495
1 changed files with 2 additions and 2 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
ch08.asciidoc
View File

@ -18,7 +18,7 @@ The word "mining" is somewhat misleading. By evoking the extraction of precious
Mining is the invention that makes bitcoin special, a decentralized security mechanism that is the basis for peer-to-peer digital cash. The reward of newly minted coins and transaction fees is an incentive scheme that aligns the actions of miners with the security of the network, while simultaneously implementing the monetary supply. Mining is the invention that makes bitcoin special, a decentralized security mechanism that is the basis for peer-to-peer digital cash. The reward of newly minted coins and transaction fees is an incentive scheme that aligns the actions of miners with the security of the network, while simultaneously implementing the monetary supply.
In this chapter, we will first examine mining as a monetary supply mechanism and then look at the most important function of mining, the decentralized emergent consensus mechanism that underpins bitcoin's security. In this chapter, we will first examine mining as a monetary supply mechanism and then look at the most important function of mining: the decentralized emergent consensus mechanism that underpins bitcoin's security.
==== Bitcoin Economics and Currency Creation ==== Bitcoin Economics and Currency Creation