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- Дата: 12-04-2023, 04:05
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Автор: Micah Warren
Издательство: De Gruyter
Год: 2023
Страниц: 344
Язык: английский
Формат: pdf (true)
Размер: 10.2 MB
The definitive guide to the game-theoretic and probabilistic underpinning for Bitcoin’s security model. The book begins with an overview of probability and game theory. Nakamoto Consensus is discussed in both practical and theoretical terms. The question of how one party can transfer money to another party without physically exchanging money is an old problem. The most common solution, available for hundreds of years, is to use a trusted third party, like a bank. If a bank is mutually trusted and has custody of one person’s money, this person can write a check or by some other means direct the bank to pay their counterparty. A check can be thought of as simply instructions for the money’s custodian to do something with the money.