nakamoto

Nakamoto consensus

This in an attempt to explain Nakamoto consensus in layman terms and describe why it’s different from other consensus mechanisms. To understand how it’s different, we first have to understand how others work. This is why the explanation is divided in two parts.

  1. Blockchain consensus
  2. Nakamoto consensus

New content may be added over time. Thanks to David Vorick for feedback on a very early version of this.