The discussion of how the blockchain processes new transaction data and how the nodes of the system reach an agreement concerning the true history of transactions revealed the importance of the hash puzzle. Solving the hash puzzle plays an important role in achieving and maintaining the integrity of the system. But solving the hash puzzle costs computational resources and, as a consequence, it costs money. For that reason, it is necessary to compensate the nodes that contribute to the integrity of the system for doing so. However, ...
© Daniel Drescher 2017
Daniel Drescher, Blockchain Basics, 10.1007/978-1-4842-2604-9_20
20. Paying for Integrity
Neither integrity nor the creation of trust is without costs
(1)Frankfurt am Main, Germany