The Nakamoto consensus as a leader

in gametheory •  5 years ago  (edited)

The Nakamoto consensus is the leader of distributed ledger technology like Ethereum, and delegates who has authority to compute the state transition function δ = Q × Σ → Q, where Σ is all possible transactions.

This is the same thing as the nation-state consensus, where political parties are elected, delegated authority over "state transition function" during their mandate, analogous to blocks in a blockchain.

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