On 17/12/17 17:53, David Lochrin wrote:
On 17/12/2017 09:39, Bernard Robertson-Dunn wrote:
... cryptographic "puzzle" fits in Bitcoin architecture ...
As I understand it Bitcoin has a "difficulty target" which is adjusted
so the "proof-of-work" required limits the creation of new coins. This
is purely make work. It is conceivable to use a different rationing
mechanism for crypto-currency.
http://blog.highereducationwhisperer.com/2017/11/are-bitcoin-and-blockchain-bad-for.html
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