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The Byzantine General's Problem, Bitcoin, Colored Coins, and Adam Back. Connections and Contributions


Essay, 2017

12 Pages, Grade: 5,7/6.0

Anonymous


Excerpt


Table of Contents

The Byzantine General's Problem and its relation to bitcoin ... 3

1.The Byzantine General's Problem... 3
1.1.Example: ... 3

2.Relation to Bitcoin... 3

What are colored coins?... 5

3.What are colored coins? ... 5
3.1Examples ... 5

4.Summary of advantages and disadvantages ... 6

Explanation of Adam Back's contribution to bitcoin, discussion of his creation of proof-of-workcoding functions and hash-cash... 9

5.Adam Back's contribution to bitcoin, proof-of-work and hash-cash ... 9

Excerpt out of 12 pages

Details

Title
The Byzantine General's Problem, Bitcoin, Colored Coins, and Adam Back. Connections and Contributions
College
University of Liechtenstein, früher Hochschule Liechtenstein
Course
Is Bitcion the Future of Money?
Grade
5,7/6.0
Year
2017
Pages
12
Catalog Number
V375158
ISBN (eBook)
9783668528420
ISBN (Book)
9783668528437
File size
928 KB
Language
English
Keywords
Bitcoin, Hash-cash, Byzantine General's Problem
Quote paper
Anonymous, 2017, The Byzantine General's Problem, Bitcoin, Colored Coins, and Adam Back. Connections and Contributions, Munich, GRIN Verlag, https://www.grin.com/document/375158

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