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myarbrough@oreilly.com 2014-11-18 05:11:53 -08:00
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@ -51,7 +51,7 @@ Satoshi Nakamoto withdrew from the public in April of 2011, leaving the responsi
.A Solution to a Distributed Computing Problem .A Solution to a Distributed Computing Problem
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((("Byzantine Generals Problem")))Satoshi Nakamoto's invention is also a practical solution to a previously unsolved problem in distributed computing, known as the "Byzantine Generals' Problem." Briefly, the problem consists of trying to agree on a course of action by exchanging information over an unreliable and potentially compromised network. Satoshi Nakamoto's solution, which uses the concept of proof-of-work to achieve consensus without a central trusted authority represents a breakthrough in distributed computing science and has wide applicability beyond currency. It can be used to achieve consensus on decentralized networks for provably-fair elections, lotteries, asset registries, digital notarization, and more. ((("Byzantine Generals Problem")))Satoshi Nakamoto's invention is also a practical solution to a previously unsolved problem in distributed computing, known as the "Byzantine Generals' Problem." Briefly, the problem consists of trying to agree on a course of action by exchanging information over an unreliable and potentially compromised network. Satoshi Nakamoto's solution, which uses the concept of proof-of-work to achieve consensus without a central trusted authority, represents a breakthrough in distributed computing science and has wide applicability beyond currency. It can be used to achieve consensus on decentralized networks to prove the fairness elections, lotteries, asset registries, digital notarization, and more.
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