Is There a Security Vs. Coin Creation Trade-Off in Blockchains?

Written by Vinod Manoharan | Published 2020/07/14
Tech Story Tags: proof-of-stake | proof-of-work | blockchain | blockchain-development | blockchain-application | jax-network | latest-tech-stories | blockchain-top-story

TLDR Is There a Security Vs. Coin Creation Trade-Off in Blockchains? There's called The trade-off between security and coin creation. In 2008, the Bitcoin blockchain introduced a way to address the “Byzantine generals” problem with Proof-of-Work. In this design, a blockchain is maintained by miners who get rewarded for their work. High rewards attract more miners to join the network and incentivize them to bring in and employ more mining equipment. As a result, the network becomes more decentralized and secure.via the TL;DR App
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Written by Vinod Manoharan | CEO and Founder at Jax.Network http://jax.network
Published by HackerNoon on 2020/07/14
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