Notas del episodio
Bitcoin is the original cryptocurrency. Not only is it the very first cryptocurrency, it’s also the first currency in history to have a zero percent inflation rate. But that’s not all. Bitcoin also created the first consensus mechanism. When founder Satoshi Nakamotto developed it in 2008, it started the cryptocurrency revolution.
You may be asking what is a consensus mechanism? Good question. It’s essentially a framework that keeps transactions secure. There eight different types of consensus mechanisms available today.
We’re going to talk about the first two: proof of work and proof of stake since these are the two most widely used consensus mechanisms.
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Palabras clave
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