Defending Against Malicious Miners: The Ingenious Mechanisms of Bitcoin Consensus
In the realm of blockchain technology, where decentralization and security reign supreme, Bitcoin stands as a testament to the power of consensus mechanisms. While the vast majority of miners contribute to the network’s well-being, the possibility of malicious actors attempting to undermine the integrity of the system is an ever-present concern. Bitcoin’s consensus mechanism, built on a foundation of cryptographic principles and game theory, employs a myriad of ingenious mechanisms to thwart the efforts of these malicious miners.
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