Consensus Algorithms, Blockchain Technology, and Bitcoin

If no one is in control of Bitcoin why can't someone take it over? With so much value in the network, there is a huge incentive to do so. Can the developers control Bitcoin? Can the miners control Bitcoin? 

This video covers the 5 consensus constituencies and how it would not be to the advantage of any of them to ignore the others. You'll want to watch the section between 1:13 and 1:16.

Source: Andreas M. Antonopoulos, https://youtu.be/fw3WkySh_Ho
Creative Commons License This work is licensed under a Creative Commons Attribution 3.0 License.

Last modified: Wednesday, January 24, 2024, 2:32 PM