Lecture 2 | Nakamoto Consensus & Bitcoin Protocol (Blockchain Fundamentals, Fall 2018)

Lecture 2 deeps into the distributed consensus of the bitcoin protocol: Nakamoto Consensus which combines Proof of Work and “longest chain wins” rule to achieve agreement. Additionally, we have a brief security analysis on miners’s incentive and introduce the concept of mining pool and forks.

Blockchain at NTU is dedicated to fostering a vibrant blockchain community in NTU and beyond. We are committed to building and strengthening the technical expertise and market awareness of our members while empowering like-minded individuals in pursuit of their interests in academic, enterprise or entrepreneurial endeavor.

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