Proof of Work
Bitcoin’s difficulty-adjusted proof-of-work is the innovation. Without it, trustless digital scarcity and immutability is impossible.
Read the following, in order:
- A failure to understand proof of work is a failure to understand Bitcoin
- Memes vs The World - How information differs from physical objects
- Bitcoin is Time - How Bitcoin decentralizes time itself
- Bitcoin’s Energy Consumption - A shift in perspective
Visit endthefud.org/PoW for a collection of articles that explain why proof-of-stake is a non-solution to the problems that Bitcoin solves.