Consensus Algorithms, Blockchain Technology, and Bitcoin
Completion requirements
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
This work is licensed under a Creative Commons Attribution 3.0 License.
Last modified: Wednesday, 24 January 2024, 2:32 PM