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myarbrough@oreilly.com 2014-11-17 13:03:29 -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
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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 for provably-fair elections, lotteries, asset registries, digital notarization, and more.
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