Proof of Work and connect with BYZANTINE Generals

Proof of Work (PoW) is the original blockchain consensus algorithm, and is used in projects such as Bitcoin. It is the mechanism that enables users on a blockchain network to reach an agreed ‘truth’. A proof of work is essentially an answer to a complex mathematical problem. It takes a lot of work to find the Nonce but is easy for others to validate.PoW solves the Byzantine Generals Problem as it achieves a majority agreement without any central authority, in spite of the presence of unknown/potentially untrustworthy parties and despite the network not being instantaneous.This presentation brings out the concept Byzantine Generals proof and its connect with Bitcoin.

 

Proof of Work and connect with BYZANTINE Generals from anupriti