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Jimmy

Bitcoin's Proof of Work Carries Fundamental Flaws: Blockchain Needs a Superior Consensus Mechanism

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Interesting article.

 

"The core purpose of a consensus mechanism is always the same: it is there to provide proof of something, to ensure that all network nodes can agree on the true and valid state of the blockchain. This is how malicious attacks on the network are avoided. Without it, there could be no value in crypto."

 

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It appears that there are problems with Bitcoin's Proof of Work System. So what's required to move ahead in this field and to avoid any malicious attacks on the blockchain?

 


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