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