This seminar paper discusses the Byzantine General's Problem and its relation to Bitcoin. In this problem, an army is surrounding an enemy city with various separated camps, which have to communicate with each other in order to agree on an attack strategy. There are unknown traitors among this army who can corrupt the message exchange and thwart consensus. The generals of the separated camps have to agree on a strategy. However, there are loyal troops/generals and disloyal traitors who can corrupt the message. The problem they are facing is how they can find out which message is true. If they do not have a solution they also do not come to a consensus and the traitor wins the battle.
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
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¡Carge sus propios textos! Gane dinero y un iPhone X. -
¡Carge sus propios textos! Gane dinero y un iPhone X. -
¡Carge sus propios textos! Gane dinero y un iPhone X.