Author: jl2012 at xbt.hk 2015-08-07 07:14:49
Published on: 2015-08-07T07:14:49+00:00
The context discusses an idea proposed by Arnoud Kouwenhoven from Pukaki Corp in 2015 to increase the speed of bitcoin block propagation after a new block has been mined. The proposal suggests using a mechanism to prove that something has been shown by a certain order, which is essentially what blockchain does. However, the proposal fails when it comes to showing if a block defined in the Guarantee Message has not been shown. This means that the proposal only works with a centralized trusted party, making it unsuitable for a decentralized system like bitcoin.
Updated on: 2023-06-10T18:17:33.769428+00:00