Category: books
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The Blocksize War: Who Makes the Rules in a Decentralized Network?
Decentralization is an often underappreciated and misunderstood feature of Bitcoin. Achieving consensus without a trusted third party was the biggest technical hurdle to the invention of a peer-to-peer electronic cash. While centrally controlled monetary networks can be corrupted or shut down, Bitcoin’s decentralized nature makes it permissionless, uncensorable and immutable. However, decentralization is a design…
Bitcoin Bumblebee 