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judymcconville@roadrunner.com 2017-04-26 13:40:16 -07:00
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@ -54,7 +54,7 @@ Satoshi Nakamoto withdrew from the public in April 2011, leaving the responsibil
.A Solution to a Distributed Computing Problem
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((("distributed computing", "Byzantine Generals' Problem")))((("Byzantine Generals' Problem")))Satoshi Nakamoto's invention is also a practical and novel solution to a problem in distributed computing, known as the "Byzantine Generals' Problem." Briefly, the problem consists of trying to agree on a course of action or the state of a system 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 and has wide applicability beyond currency. It can be used to achieve consensus on decentralized networks to prove the fairness of elections, lotteries, asset registries, digital notarization, and more.
((("distributed computing", "Byzantine Generals' Problem")))((("Byzantine Generals' Problem")))Satoshi Nakamoto's invention is also a practical and novel solution to a problem in distributed computing, known as the "Byzantine Generals' Problem." Briefly, the problem consists of trying to agree on a course of action or the state of a system by exchanging information over an unreliable and potentially compromised network. ((("central trusted authority")))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 and has wide applicability beyond currency. It can be used to achieve consensus on decentralized networks to prove the fairness of elections, lotteries, asset registries, digital notarization, and more.
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