Cryptography Mailing List
Bitcoin P2P e-cash paper
2008-11-13 22:56:55 UTC
James A. Donald wrote:
> It is not sufficient that everyone knows X. We also
> need everyone to know that everyone knows X, and that
> everyone knows that everyone knows that everyone knows X
> - which, as in the Byzantine Generals problem, is the
> classic hard problem of distributed data processing.
"The proof-of-work chain is how all the synchronisation, distributed database and global view problems you've asked about are solved."
-Satoshi
